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China pushes back at US demands to stop buying Russian and Iranian oil

CHINA, AUG 4 – China continues importing over 1 million barrels of oil daily from Iran and increased Russian oil purchases by 20% despite U.S. efforts to cut off military funding to both countries.

  • On Wednesday, China’s Foreign Ministry said it will always ensure its energy supply and refused U.S. demands to stop buying oil from Russia and Iran.
  • The United States seeks to restrict oil sales from Russia and Iran to reduce military funding, noting China imports over 1 million barrels of Iranian oil daily.
  • Recent figures indicate China’s Russian oil imports jumped 20% in April to over 1.3 million barrels per day, according to the Kyiv School of Economics.
  • On Thursday, U.S. Treasury Secretary Scott Bessent called China’s tough negotiators but said their pushback hasn’t stalled talks.
  • Looking ahead, Lindsey Graham, Republican Senator, has rallied 84 Senate co-sponsors for sanctions against Russia and its financial backers.
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China will not change its energy policy under external pressure, responding to US calls to stop buying oil from Russia and Iran.

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Barchart.com broke the news in on Sunday, August 3, 2025.
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