President Trump considers lifting sanctions on Chinese company buying Iranian oil
🔴 Tension RisingLaodong.vn2026-05-16
President Trump is considering lifting sanctions on Chinese companies buying Iranian oil, aligning with President Xi Jinping's view on reopening the Strait of Hormuz. This comes amid concerns over the energy supply crisis and rising oil prices following Iran's blockade of the Strait of Hormuz. Iran remains unwilling to reopen the waterway unless the US lifts the blockade, continuing to deny nuclear weapon development and refuse to hand over enriched uranium.