Trump Eyes Lifting China Refinery Sanctions in Xi Summit Trade
🛢️ SANCTIONS — Beijing's Hormuz carve-out just got a price tag attached to it. 📌 LOOK CLOSER: Lifting refinery sanctions on Chinese firms processing Iranian crude is the summit's most consequential undisclosed deliverable. It rewards Beijing for buying discounted US oil while legalizing its Iran purchases. Gulf allies absorbing the blockade watch Washington monetize the crisis. Tehran reads it as Xi extracting full compensation — carve-out plus sanction relief — while Iran holds.
