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US Treasury Secretary Scott Bessent says China’s Iranian oil purchases have dropped significantly

Crypto Briefing 2026-07-21 12:28:33
Context: US Treasury Secretary Scott Bessent announced that China's purchases of Iranian oil have decreased substantially. The decline is attributed to the impact of sanctions. The announcement was reported by Crypto Briefing.

Key Facts

  • US Treasury Secretary Scott Bessent stated that China's purchases of Iranian oil have dropped significantly.
  • The sanctions imposed have also resulted in the freezing of $344 million in USDT (Tether) linked to Iran.
  • The announcement was made by Scott Bessent, who holds the position of US Treasury Secretary.
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