US Treasury chief says China may press Iran over Hormuz
US Treasury Secretary Bessent said China was likely to work behind the scenes to influence Tehran over the Strait of Hormuz, saying the reopening of the key energy route would benefit Beijing.
“I think they will work behind the scenes to the extent anyone can sway Tehran,” Bessent told CNBC, adding that he believed China would “do what it can” on the strait.
Bessent also said Iran’s main loading facility had seen no loadings for the past three days and that Washington believed its storage was full.
“We believe we’re at the point where Iran is not paying soldiers or replenishing weapons stocks from abroad,” he said.
On oil, Bessent said he expected the curve to move lower in six months and believed prices would come down quickly.
