White House: China eyes more US oil to cut Strait of Hormuz dependence

🟡 Neutral Baird Maritime 2026-05-14
President Xi Jinping expressed interest in purchasing more US oil to reduce China's dependence on the Strait of Hormuz during a meeting with President Trump. China has halted US oil imports since May 2025 due to tariffs, and tariff reductions would likely be a prerequisite for any resumption of purchases. The US and China are expected to explore a trade mechanism for non-sensitive goods.
경제제재유가영향미이란외교석유제재중동안보
Source: Baird Maritime (bairdmaritime.com)
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