Bond.az White LogoBond.az Black Logo

China Agrees to Buy US Oil - Trump

Trump reveals China agreed to buy US oil after talks with Xi. Details on the deal, including energy, Boeing jets, and trade talks.

Olivia Taylor
ByOlivia Taylor- Senior Editor
|
0

U.S. President Donald Trump said in an interview on Fox News’ Hannity program that China had agreed to buy U.S. oil and energy after an initial round of talks with President Xi Jinping in Beijing.

Trump, in a pre-recorded interview aired on Thursday evening, said China had "agreed they want to buy oil from the United States… they’re going to go to Texas, they’re going to start sending Chinese ships to Texas and to Louisiana and to Alaska."

Trump said that China needed to import oil, citing the country's "insatiable appetite" for energy. The interview was recorded after Trump met China's Xi in Beijing on Thursday.

China buys little oil from the U.S., and is a major importer of Iranian oil, with U.S. government data showing the country imported about 1.4 million barrels per day of Iranian crude in 2025.

Shipping disruptions in the Strait of Hormuz, stemming from the U.S.-Israel war on Iran, stood to potentially disrupt oil flows to China. But reports since March showed some Chinese oil tankers had made it through Hormuz.

Global oil prices rose sharply since the onset of the Iran war, although Trump told Fox News that the increase was not as much as he had initially expected.

Trump said China's Xi also sought an end to the Iran war, and that China did not want Tehran to have a nuclear weapon. He added that Xi had also agreed to not supply Iran with weapons.

Trump called for Iran to accept a peace deal, warning that Washington could easily carry out even more debilitating strikes against the country.

China's foreign ministry said on Friday that Trump and Xi had achieved a "series of new consensus" during Thursday's talks, but did not elaborate on what deals were reached.

Speaking on Fox News' Hannity, Trump said China had also agreed to purchase 200 Boeing jets, and that he would push for the country opening up to payments major Visa.

Trump and Xi leaders are set to hold more talks on Friday, as the U.S. president closes out a three-day visit to China.

Beijing signaled that Taiwan would be at the top of its agenda for the talks, and warned that any mishandling of the situation could even result in conflict.

More News
2026-07-04 17:00
|
441

How Mortgage Decline Affects Housing Sales?

How does the decline in mortgage lending affect housing sales? Economist Vugar Oruc comments. Latest situation in the real estate market.

0
2026-07-04 05:30
|
392

Azerbaijan oil price rises to $72.93

Azerbaijan oil price rises. "Azeri Light" crude reaches $72.93 per barrel. Stay updated.

0
2026-07-04 02:00
|
663

Will Japan Buy Oil from Iran?

Japan begins talks to buy oil from Iran after US sanctions relief. Tehran seeks long-term exemptions and security guarantees.

0
2026-07-03 14:33
|
433

Hadi Rajabli's son gets 350K job

A 354K manat contract for managing a boiler house in Agdam goes to Hadi Rajabli's son's company without open tender.

0
2026-07-03 06:01
|
670

Updated 100 manat banknote enters circulation

The updated 100 manat banknote enters circulation July 15. Central Bank continues anti-counterfeiting measures.

0
2026-07-03 05:32
|
321

Gold Surpasses $4,200

Gold futures on Comex surpass $4,200 per ounce. Latest data shows gold at $4,206.7, up 1.96%.

0
2026-07-02 20:31
|
886

Turkey seeks to join SEPA

Turkey has expressed interest in joining SEPA, the Single Euro Payments Area, to facilitate cross-border payments and boost trade and investment with the EU.

0
2026-07-02 17:31
|
730

Young journalists learn SOCAR's green energy plan

SOCAR held an info session at its Eco-Park for young media, presenting its green energy plan and decarbonization strategy.

0
2026-07-02 15:31
|
435

Wheat to Armenia via Azerbaijan transit

14 wagons of wheat will be shipped from Russia to Armenia through Azerbaijan transit. The cargo departs from Bilajari station.

0
2026-07-01 14:00
|
653

Free apartments for 45 people

45 free apartments in Saatli for disabled and martyr families. 18 three-room and 27 two-room units. Project cost 3.385 million manat.

0
2026-07-01 11:02
|
987

New Changes to VAT Deposit Accounts

New changes to VAT deposit accounts: entrepreneurs gain ability to transfer funds to the State Social Protection Fund.

0
2026-07-01 08:33
|
751

Sahil Babayev: BSTDB Plans to Finance SMEs

Finance Minister Sahil Babayev announced that the Black Sea Trade and Development Bank plans to finance small and medium-sized enterprises.

0
...