StreetInsider.com News Articles

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

Investing.com -- U.S. Treasury Secretary Scott Bessent said Tuesday that China has reduced its crude oil purchases by approximately 40% in recent months, a decline he said is significantly reducing Iran's oil revenues.

Bessent told Fox Business Network that the United States has imposed sanctions on Chinese teapot refineries, which are privately owned facilities, leading to a substantial drop in their Iranian oil purchases.

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

Investing.com -- The Houthi group declared a maritime blockade against Saudi Arabia, effective immediately, according to Bloomberg News, citing spokesperson Yahya Saree. The announcement was made on Monday.

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Investing.com’s stocks of the week

Fri, 17 Jul 2026 14:09:15 -0400

Wed, 15 Jul 2026 10:07:20 -0400

Investing.com -- Oil prices have risen again amid renewed tensions in the Middle East, but HSBC’s Chief Multi-Asset Strategist, Max Kettner, said this escalation does not change the bank’s bullish view on risk assets.