Trump weighs easing sanctions on Chinese companies buying Iranian oil
🔴 Tension Rising23ABC News Bakersfield2026-05-15
President Trump discussed the possibility of lifting U.S. sanctions on Chinese companies purchasing Iranian oil during his summit with Xi Jinping, planning to make a decision within the next few days. This could benefit both Chinese companies and Iran, which has struggled to sell oil products due to existing sanctions. The US and Iran remain at an impasse in long-term peace negotiations, with a fragile ceasefire in place and the Strait of Hormuz effectively closed.