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14 May 2026, 14:44

Scott Basset, the U.S. Secretary of the Treasury, in an interview with CNBC during the U.S. President's trip, stated in a pre-recorded interview that he believes China will use its influence over Tehran to reopen the Strait of Hormuz.

He said, "I think they (the Chinese) will do whatever they can."

Mr. Basset added, "Reopening the Strait of Hormuz is very much in China's interest. I think they will try to work behind the scenes, of course, if anyone can actually influence the decisions of Iran's leadership."

According to the U.S. Secretary of the Treasury, China will soon announce a large order of Boeing airplanes and added that both sides are in discussions about improving trade relations, including energy exports.
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