U.S. Treasury Secretary Scott Bessant urged China to pressure Iran to open the Strait of Hormuz on t..

U.S. Treasury Secretary urged China to pressure Iran to open the Strait of Hormuz, calling for diplomatic efforts. The U.S. is regulating China's Iran energy trade and targeting teapot refineries as economic sanctions. The issue is expected to be a major agenda item in the upcoming meeting between U.S. President Trump and Chinese President Xi Jinping.