China will work behind the scenes to help reopen the Strait of Hormuz, Bessent says

China is expected to assist in reopening the Strait of Hormuz through its influence on Iran, highlighting complex US-China relations. The Iranian blockade of the Strait of Hormuz is causing a severe disruption in oil supplies, and China is seeking to increase imports of US energy to secure stable supplies. The US plans to ramp up LNG exports from Alaska to meet China's energy needs.