Trump puts spotlight on China, Iran’s top oil consumer
With the blockade of Iranian ports moving toward its third day, China, Iran’s largest importer of oil, is vowing not to send weapons to the Islamic Republic.
President Donald Trump confirmed circulated reports that China could be supplying weapons to Iran.
“[China] have agreed not to send weapons to Iran,” Trump wrote in a Truth Social post Wednesday morning.
The president also mentioned that China “is very happy” that Trump is “permanently opening the Strait of Hormuz,” adding that he is “doing it for them…and the world.”
China heavily depends on the Strait of Hormuz for about half of its crude oil imports. In contrast, Iran depends on China as its largest oil customer, accounting for nearly 91% of Iran’s oil exports, according to Visual Capitalist.
Since the blockade began, six commercial ships have been turned away from Iranian ports, according to reports.
“A blockade of Iranian ports has been fully implemented as U.S. forces maintain maritime superiority in the Middle East. An estimated 90% of Iran’s economy is fueled by international trade by sea. In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea,” said U.S. Central Command Commander Adm. Brad Cooper.
Trump’s squeeze on Iran’s oil exports comes as reports are circulating that talks between Iran and the U.S. could resume soon, possibly returning to Pakistan after marathon talks over the weekend failed to produce a deal.
The president has been very clear on his demands regarding the Islamic Republic not obtaining a nuclear weapon, supporting proxies and keeping the Strait of Hormuz open.
Latest News Stories
Commission Overrides Staff Recommendation, Approves Manhattan Township Barn Expansion
Chicago could owe $100M+ in refunds for excessive city tickets
Illinois quick hits: Indiana House approves Bears stadium bill; Business, labor groups file petition to stop natural gas phaseout; Chicago woman gets 2 years for PPP fraud
Community violence intervention advocates tout crime reduction, taxpayer funding
Pritzker’s social media fee plan faces cost, legality questions
Chicago tourism rises; visitors ignore Trump’s condemnation
Illinois quick hits: Chicago man faces charges in road-rage shooting; migrant accused of murdering church volunteer; Illinois Liquor Control Commission launches new system
Executive Committee Advances “Project Northwinds”: 2,475 Jobs and $346 Million Investment Proposed for Former Caterpillar, Lion Electric Sites
Land Use Committee Advances Mokena Scrap Yard and Homer Glen Landscape Business Over Local Objections
Foxx to face questions about murder conviction review ‘investigations’
Planning Commission Backs 5-MW Peotone Solar Farm; Developer Pledges Pollinator Habitat and Community Funds
207U Committee Reviews Budget Adjustments, Facility Planning and Operations Issues
Joliet Junior College Board Approves $2 Tuition Increase Amidst Heated Debate Over Enrollment and Spending