LIVE: US Accuses China of Funding Iran Ahead of Trump-Xi Meet | Vantage on Firstpost
US Treasury Secretary Scott Bessent has accused China of buying most of Iran’s oil, funding its military and proxy operations. This undercuts Washington’s economic strategy, dubbed “Project Freedom,” aimed at choking Iran’s revenue. The backbone of this trade lies in China’s “teapot refineries,” which process nearly 90% of Iranian crude using yuan payments and covert logistics to evade sanctions. With Donald Trump set to visit Beijing, the issue adds pressure as he seeks major economic wins ahead of politically crucial midterm elections.---
US China Iran Oil Trade | Scott Bessent Accuses China | Iran Oil Sanctions News | Trump China Visit 2026 | Project Freedom Strategy | China Teapot Refineries Explained | US Iran Conflict Update | Global Oil Politics | Firstpost | World News | News Live | Vantage | Hem Saroya | News
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