In a recent interview, US Treasury Secretary Scott Bessent revealed that China has substantially reduced its assistance to Iran amid increasing pressure from Washington. Bessent dismissed earlier reports suggesting that Beijing was escalating its military and intelligence support for Tehran. He noted that Iran currently has approximately 15 million barrels of oil at sea, with expectations that the last shipments may reach China within the next two weeks. After these deliveries, Iran's capacity for further exchanges is expected to diminish significantly. Additionally, Bessent announced plans for weekly new sanctions against Iran. Just last week, he warned that the US could effectively ground Iranian airlines worldwide, cautioning foreign companies about the repercussions of fueling, servicing, or selling tickets to Iranian carriers. This shift in China's stance is indicative of the broader geopolitical dynamics at play and may alter the competitive landscape for oil and energy markets in the region.
Informational material. 18+.
