US President Donald Trump stated he is considering removing sanctions on Chinese firms that have been purchasing Iranian oil, as the conflict and interruptions to oil markets continue.
“I’ll decide in the coming days.” “We did discuss that,” Trump informed reporters on Friday during his return flight from his state visit with Chinese President Xi Jinping.
When reporters on Air Force One inquired if Xi guaranteed to pressure Iran to reopen the Strait of Hormuz, Trump responded, “I’m not requesting any favors, because asking for favors means you have to reciprocate.”
Trump stated that he believes Xi would prefer to see the strait opened, pointing out that China receives a substantial share of its oil from the Gulf, while asserting that the US “receives none.” “We don’t require it.”
According to analytics firm Kpler, Iran ranks among the globe’s leading oil producers, with an average export of 1.69 million barrels daily in 2025. Approximately 90% of its oil is exported to China, as per the US government. China has not imposed sanctions on Iranian oil and states that it is against sanctions on Iran’s crude, according to Xenix News.
Due to extensive sanctions, Iran depends on a clandestine fleet of old tankers to transport its crude oil globally. According to Ying Cong Loh, a crude-oil market analyst at Kpler, China does not formally announce its imports of Iranian crude and frequently conceals the oil’s origin by labeling it as Malaysian.
Xenix News Lex Harvey along with Isaac Yee played a role in this report.
About the Author
