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Mon · 18 May 2026

US Claims China to Buy More American Oil as Hormuz Blockade Holds

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US Claims China to Buy More American Oil as Hormuz Blockade Holds

🛢️ SUMMIT — China buys US oil while Iran's blockade prices out everyone else. 📌 LOOK CLOSER: If confirmed, Beijing purchasing US crude is the summit's most concrete deliverable — and its most cynical one. China gets Hormuz carve-out passage plus cheaper American oil; Washington gets a trade headline. Neither addresses the blockade. Gulf partners still can't export. Tehran watches Beijing extract double compensation while absorbing all military pressure.

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