US Treasury Secretary Criticizes China as Unreliable Partner for Wartime Oil Hoarding and Export Restrictions

AI Summary (NQ-processed)

U.S. Treasury Secretary Bessent criticized China as an "unreliable global partner" for hoarding oil supplies and restricting exports of certain goods during the Middle East war. He noted China's actions mirrored its behavior during the COVID-19 pandemic and rare earth export restrictions. Bessent highlighted China's continued oil purchases and strategic reserve building after Iran's Strait of Hormuz blockade, despite international calls to avoid energy hoarding. International organizations urged countries to avoid such actions, but China acted contrary.