Bessent just connected every dot,like I wrote i my latest article.
China bought 90% of Iran’s oil exports.
That’s almost 10% of China’s total imports.
Now the blockade cuts it off.
And the US is warning Chinese banks:
process Iranian payments = secondary sanctions.This… pic.twitter.com/6qpL0NDAlN
— Jack Prandelli (@jackprandelli) April 15, 2026
Now the blockade cuts it off. And the US is warning Chinese banks: process Iranian payments = secondary sanctions. This isn’t just an energy blockade. It’s a financial one too. Iran loses its only real customer China loses its cheapest oil source Chinese banks face secondary sanctions risk Iran’s $400M/day bleeding accelerates Chinese imports already spiking +20% y/y Bessent called China “unreliable” for hoarding oil during the war instead of sharing with allies. Trump said “Xi needs oil. We don’t.” Now the Treasury is closing the financial escape hatch too. Water blockade + Financial blockade… Simultaneously. The summit just got a lot more complicated.
Full breakdown in my latest article open.substack.com/pub/themerchan
