China can buy oil from Iran, hope they buy more from US: Trump

News Image

MG News | June 25, 2025 at 12:19 AM GMT+05:00

0:00

June 24, 2025 (MLN): US President Donald Trump stated that China could continue purchasing oil from Iran following US airstrikes on three Iranian nuclear facilities over the weekend.

In a post on Truth Social, Trump added he hoped China would also buy “plenty” of oil from the United States.

The remarks came after Trump announced a ceasefire agreement between Iran and Israel and criticized both nations for early violations of the truce.

Earlier in his second term, which began in January, Trump had re-imposed “maximum pressure” on Iran, including sanctions targeting Chinese “teapot” refineries and port operators buying Iranian oil.

While lifting sanctions formally would require action by the Treasury, State Department, and Congress, the administration could choose not to enforce them, potentially increasing Iranian oil exports.

China, Iran’s top oil customer, has opposed US sanctions, calling them an abuse of unilateral power.

The Chinese embassy in Washington did not respond to requests for comment, and the White House has yet to address Trump’s statement.

A surge in Chinese purchases of Iranian oil may strain ties with Saudi Arabia, a key US ally and the world’s top oil exporter.

Related News

Name Price/Vol %Chg/NChg
KSE100 188,202.86
341.59M
-0.20%
-384.80
ALLSHR 112,423.22
745.46M
-0.07%
-79.96
KSE30 57,956.48
141.89M
-0.12%
-70.41
KMI30 267,375.33
135.18M
-0.39%
-1043.48
KMIALLSHR 72,363.20
391.84M
-0.20%
-146.78
BKTi 53,485.97
53.11M
0.26%
139.85
OGTi 38,916.61
17.01M
0.72%
278.13
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,425.00 89,495.00
87,210.00
1840.00
2.10%
BRENT CRUDE 67.66 67.78
65.00
2.07
3.16%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-2.65
-2.96%
ROTTERDAM COAL MONTHLY 99.00 0.00
0.00
0.30
0.30%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 62.52 62.58
60.14
1.89
3.12%
SUGAR #11 WORLD 14.83 15.01
14.74
0.04
0.27%

Chart of the Day


Latest News
January 27, 2026 at 05:43 PM GMT+05:00

Pakistan economy enters the acceleration phase


January 27, 2026 at 04:59 PM GMT+05:00

ISL triples profit to Rs1.6bn in H1FY26


January 27, 2026 at 04:34 PM GMT+05:00

Sazgar 6MFY26 profit up 27%, declares Rs15 dividend


January 27, 2026 at 04:28 PM GMT+05:00

Fauji Foods profit surges 76% to over Rs1bn


January 27, 2026 at 04:22 PM GMT+05:00

PSX Closing Bell: Pause for the Bulls



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg