U.S. Treasury Urges China to Influence Iran for Strait of Hormuz Resolution

U.S. Treasury Secretary Scott Bessent called on China to leverage its diplomatic power to persuade Iran to reopen the Strait of Hormuz. The issue is slated to be a critical point of discussion during President Donald Trump's upcoming meeting with Chinese President Xi Jinping.

Bessent highlighted China's substantial purchases of Iranian energy, claiming this essentially funds terrorism, and urged Beijing to collaborate in international efforts to resolve the strait's closure.

Emphasizing U.S. dominance over the Strait of Hormuz, Bessent predicted that the new naval operations would soon stabilize and lower oil prices, easing the nationwide economic impact.

(With inputs from agencies.)