https://hormuz.net/tags/us-china-relations/ Recent content in US China Relations on Hormuz.net Hugo en-us Sat, 09 May 2026 00:00:00 +0000 https://hormuz.net/china-funds-nearly-half-of-irans-government-budget-through-oil-purchases/ Sat, 09 May 2026 00:00:00 +0000 https://hormuz.net/china-funds-nearly-half-of-irans-government-budget-through-oil-purchases/ <p>The financial architecture sustaining the Islamic Republic runs, in substantial part, through Beijing. According to an estimate by the U.S.-China Economic and Security Review Commission—a body created by Congress to assess bilateral strategic risk—Chinese purchases of Iranian oil reached $31.5 billion in 2025, a figure that accounted for approximately 45 percent of Iran&rsquo;s entire government budget.</p> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">&quot;Chinese [oil] purchases equaled $31.5 billion in 2025, and accounted for 45 percent of Iran's government budget, the U.S.-China Economic and Security Review Commission, created by Congress, estimated last month.&quot;<br>-<a href="https://twitter.com/PatcohenNYT?ref_src=twsrc%5Etfw">@PatcohenNYT</a>, <a href="https://twitter.com/nytimes?ref_src=twsrc%5Etfw">@nytimes</a> <a href="https://t.co/g27zJpfWrK">https://t.co/g27zJpfWrK</a></p>