Bessent Calls China an Unreliable Partner for Its Hoarding Oil Amid Iran War
The Treasury secretary also pointed to how China hoarded health care products during the COVID-19 pandemic.
Frank Fang
Reporter
4/15/2026|Updated: 4/15/2026 U.S.
Treasury Secretary Scott Bessent said China had been an “unreliable global partner” during the war in Iran, citing the communist regime’s hoarding of oil supplies and limits on certain exports.
Speaking to reporters on April 14, Bessent said he had raised the issue with Chinese officials. He declined to comment on whether it might derail U.S. President Donald Trump’s scheduled trip to China in mid-May, and he said that Trump and Chinese leader Xi Jinping had a good working relationship.
“I think the message for the visit is stability. We’ve had great stability in the relationship since last summer; that emanates from the top down,” Bessent said. “I think that communication is the key.”
The price of a barrel of Brent crude oil rose above $100 in March and early April. It has now dipped below $100 and hovered at around $95.
“China has been an unreliable global partner three times in the past five years; ...
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READ MORE: https://www.theepochtimes.com/china/bessent-calls-china-an-unreliable-partner-for-its-hoarding-oil-amid-iran-war-6012230?ea_src=frontpage&ea_med=section-2
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