China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright
- Posted on May 15, 2026
- By CNBC
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- 1 min read
China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright
China relies heavily on crude oil imports from the Middle East but those supplies are mostly cut off due to Iran's blockade of the Strait of Hormuz.