US ends Iran, Russia oil waiver
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The United States will not be renewing the waivers that allowed purchase of some Iranian and Russian oil without facing U.S. sanctions, Treasury Secretary Scott Bessent told reporters on Wednesday.
Treasury Secretary Scott Bessent says the US will squeeze Iran’s economy by reinstalling sanctions, targeting banks and customers flouting the ban.
Washington says new measures not aimed at easing restrictions on Moscow and only affect supplies already in transit
The post shared, “JUST IN: 🇺🇸🇨🇳 US Treasury Secretary Bessent says China will no longer be able to get oil from Iran.” It was accompanied by a collage image of Scott Bessent and Chinese President Xi Jinping. Notably, the claim emerged following reports of a US blockade of the Strait of Hormuz amid the ongoing Middle East conflict involving Iran.