US Treasury Secretary Bessent on Iran and China, says have seen a substantial decrease in purchases of Iranian oil, Fox reports; Tracking Ayatollah properties, hope to show addresses; China has dropped purchases of Iran crude by around 40%

The significant reduction in China's purchases of Iranian crude by approximately 40% marks a notable shift in trade dynamics and could indicate the impact of international sanctions or diplomatic relations.

Newsquawk StaffPublished 21 Jul 2026, 12:26 UTCOn the live feed at 12:06 UTC — 13 more headlines followed before this page went public

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US Treasury Secretary Bessent on Iran and China, says have seen a substantial decrease in purchases of Iranian oil, Fox reports; Tracking Ayatollah properties, hope to show addresses; China has dropped purchases of Iran crude by around 40%

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China has dropped its purchases of Iranian crude by around 40%.

Context

This decrease may pressure Iranian oil revenues, potentially influencing global oil supply and pricing, particularly in relation to WTI. Traders should watch for any ripple effects in energy markets and associated commodities, as well as how this aligns with broader geopolitical developments.

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