-
09:30
-
09:20
-
09:08
-
09:00
-
08:50
-
08:30
-
08:20
-
08:00
-
07:50
-
07:30
-
07:00
-
18:50
-
18:20
-
17:50
-
17:20
-
16:50
-
16:20
-
15:50
-
15:20
-
14:50
-
14:20
-
13:50
-
13:20
-
12:50
-
12:30
-
12:20
-
12:00
-
11:59
-
11:50
-
11:30
-
11:20
-
11:00
-
10:50
-
10:30
-
10:20
-
10:00
-
09:50
-
09:50
China holds firm on Russian and Iranian oil amid US tariff threats
During trade negotiations in Stockholm, the Chinese Foreign Ministry sharply rejected U.S. demands to halt purchases of Russian and Iranian oil, despite threats of imposing tariffs as high as 100%. Beijing emphasized that safeguarding its energy supply remains a matter of national sovereignty.
China remains heavily reliant on these energy sources: according to the U.S. Energy Information Administration, around 80–90% of Iran’s oil exports were destined for China in 2024, with daily imports exceeding one million barrels. Similarly, Chinese imports of Russian crude surged nearly 20% in April, reaching over 1.3 million barrels per day.
Analysts highlight Beijing’s strategic rationale: sourcing oil from Russia and Iran at substantial discounts underpins both energy security and strategic solidarity, particularly with Russia.
U.S. officials, including Treasury Secretary Scott Bessent, acknowledged China’s firm stance but remained cautiously optimistic about reaching a broader trade agreement. News Meanwhile, secondary sanctions proposed in the U.S. Congress, including penalties of up to 100%, signal heightened pressure on nations sustaining energy ties with Russia.
