China & West Texas Intermediate
60 shared events · Importance 32 · Last updated May 16, 2026
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International
China: China is the biggest buyer of Iranian oil despite United States sanctions and its President, Xi Jinping, is meeting with United States President Donald Trump.
West Texas Intermediate: The price of West Texas Intermediate fell due to a fragile ceasefire in the war between the United States and Iran, but remains elevated due to supply disruptions.
May 12, 2026 · 10 articles
International
China: China's foreign ministry called for an end to the conflict, and Donald Trump mentioned China's interest in buying oil from the United States and the possibility of lifting sanctions on Chinese companies buying Iranian oil.
West Texas Intermediate: West Texas Intermediate futures rose significantly, mirroring Brent Crude's gains, as the market reacted to heightened tensions and potential supply disruptions.
May 15, 2026 · 6 articles
International
China: China is a close ally of Iran and a significant economic partner, playing a mediating role in the conflict and urging for a diplomatic resolution and the reopening of the Strait of Hormuz.
West Texas Intermediate: West Texas Intermediate prices fell below $100 a barrel after the US paused its ship-guiding plan, indicating a positive market reaction to potential de-escalation.
May 06, 2026 · 6 articles
International
China: China's economic cooperation and trade discussions with the United States, along with its stance on the Iran war and Taiwan, are central to market sentiment.
West Texas Intermediate: Benchmark U.S. crude prices rose, mirroring the increase in Brent crude due to geopolitical tensions affecting oil supply.
May 15, 2026 · 7 articles
International
China: China is set to host Donald Trump for talks that will include the Gulf conflict, trade, Taiwan, artificial intelligence, and nuclear weapons. China's producer and consumer prices also jumped due to elevated global energy costs.
West Texas Intermediate: US crude (West Texas Intermediate) gained significantly, rising to nearly $100 a barrel, driven by the supply disruption caused by the Strait of Hormuz closure.
May 11, 2026 · 8 articles
International
China: China engaged in a summit with the United States and its stock market saw a decline.
West Texas Intermediate: Benchmark U.S. crude prices were up 0.4% due to the ongoing Iran war.
May 14, 2026 · 7 articles
International
China: China, as Iran's largest trading partner, quietly used its influence to help find a path toward a ceasefire between the United States and Iran.
West Texas Intermediate: West Texas Intermediate crude prices sank significantly due to the ceasefire and the expected reopening of the Strait of Hormuz.
Apr 07, 2026 · 79 articles
International
China: China is a major player in the diplomatic efforts, being encouraged by the United States to help resolve the Iran war. It is also the biggest buyer of Iranian oil, benefiting from discounted prices despite sanctions.
West Texas Intermediate: West Texas Intermediate futures prices are influenced by the same geopolitical factors as Brent Crude, reacting to news regarding the Iran war and the U.S.-China diplomatic meeting.
May 13, 2026 · 12 articles
International
China: China's factory gate prices rose and export figures were better than expected. China has close economic links with Iran and is being pressed by the United States to use its influence to help reopen the Strait of Hormuz.
West Texas Intermediate: Benchmark U.S. crude (West Texas Intermediate) was 4.7% higher at $99.89 a barrel, driven by the Iran war uncertainties and blockade of Iranian ports.
May 11, 2026 · 9 articles
International
China: China is the biggest buyer of Iran's sanctioned crude oil, making Donald Trump's upcoming trip to China significant for the ongoing geopolitical situation.
West Texas Intermediate: West Texas Intermediate crude oil prices rose by 91 cents to $98.98 a barrel and later by $1.57 to $99.64 a barrel, driven by the ongoing war with Iran.
May 12, 2026 · 6 articles
International
China: China participated in a summit with the United States, discussing economic cooperation and the Strait of Hormuz, while also being a key market for technology imports.
West Texas Intermediate: Benchmark US crude prices saw a slight decrease, despite the broader concerns about oil supply.
May 14, 2026 · 6 articles
International
China: China's export engine slowed sharply in March due to the conflict's impact on energy and transportation costs, affecting global demand for its manufactured goods.
West Texas Intermediate: West Texas Intermediate crude oil prices have increased following the United States' decision to blockade Iranian ports, indicating market anxiety over potential supply shortages.
Apr 08, 2026 · 307 articles
International
China: China is a key participant in the high-stakes summit with the United States, which aims to address economic and geopolitical issues.
West Texas Intermediate: West Texas Intermediate futures are elevated, contributing to global inflation worries.
May 14, 2026 · 7 articles
International
China: China is the biggest buyer of Iran's oil, and the United States is pressuring China to encourage Iran to reopen the Strait of Hormuz.
West Texas Intermediate: West Texas Intermediate crude prices have been highly volatile due to the conflict and the Strait of Hormuz blockade, reflecting market uncertainty and supply disruptions.
Apr 11, 2026 · 283 articles
International
China: China is a major plastic user and polluter in Asia, heavily reliant on Middle Eastern feedstock, and is significantly affected by the plastic supply disruptions and price increases.
West Texas Intermediate: Benchmark U.S. crude (West Texas Intermediate) prices also rose sharply, reflecting the global energy shock from the Iran war.
Apr 15, 2026 · 59 articles
International
China: Donald Trump is scheduled to visit China to discuss Iran with Xi Jinping, hoping China can leverage its influence for a resolution.
West Texas Intermediate: U.S. West Texas Intermediate crude climbed over 3% to $98.51 a barrel as a result of the unresolved conflict and tight global supplies.
May 10, 2026 · 6 articles
International
China: China is involved as the US imposed sanctions on entities facilitating Iranian oil shipments to China, and its President Xi Jinping is scheduled to meet with Donald Trump.
West Texas Intermediate: West Texas Intermediate futures gained due to the ongoing geopolitical tensions and supply worries.
May 12, 2026 · 6 articles
International
China: China is implicated as some of its companies and individuals in China and China — Hong Kong were sanctioned by the United States for aiding Iran's military in securing weapons and raw materials for drones.
West Texas Intermediate: West Texas Intermediate crude futures rose as a result of the ongoing conflict and the uncertainty surrounding oil supplies.
Apr 27, 2026 · 39 articles
International
China: China is a major buyer of Iranian oil. Donald Trump is expected to press Xi Jinping on the Iran issue during his visit to Beijing, indicating China's potential role in future diplomatic efforts.
West Texas Intermediate: West Texas Intermediate prices surged as investors braced for further disruptions to oil supplies through the Strait of Hormuz, following the rejection of Iran's peace terms.
May 10, 2026 · 20 articles
International
China: China is involved in diplomatic efforts, with its foreign minister meeting Iran's top diplomat to discuss the ongoing negotiations and calling for an end to hostilities.
West Texas Intermediate: West Texas Intermediate prices tumbled below $100 a barrel due to hopes of a de-escalation in tensions between the United States and Iran.
May 06, 2026 · 21 articles
International
China: China is a key customer for Iranian oil and is involved in mediating talks between the United States and Iran, hosting meetings between their foreign ministers.
West Texas Intermediate: West Texas Intermediate oil prices extended losses and dipped below $100 a barrel, indicating a positive market reaction to the de-escalation efforts.
May 06, 2026 · 31 articles
International
China: China is involved in a scheduled summit with the U.S., which is mentioned as a timeframe for peace negotiations.
West Texas Intermediate: West Texas Intermediate futures also gained, mirroring Brent Crude's reaction to the ongoing peace negotiations and supply concerns.
May 06, 2026 · 6 articles
International
China: China, with its close economic and political ties to Iran, has called for a comprehensive ceasefire and holds a unique position of influence in urging Iran to open the Strait of Hormuz.
West Texas Intermediate: U.S. crude prices (West Texas Intermediate) plunged more than $13 to $88.88 per barrel on news of potential ceasefire.
May 06, 2026 · 98 articles
International
China: China is preparing to host a summit between Donald Trump and Xi Jinping, where the Middle East conflict and trade will be key topics.
West Texas Intermediate: West Texas Intermediate prices surged following the rejection of Iran's peace terms, reflecting heightened market concerns.
May 11, 2026 · 9 articles
International
China: China, as Iran's main oil buyer, has expressed concern over the US blockade and called for the conflict to be resolved through political and diplomatic channels.
West Texas Intermediate: US West Texas Intermediate for May fell due to expectations that US-Iran peace talks would resume, indicating a positive market reaction to potential de-escalation.
Apr 08, 2026 · 702 articles
International
China: Abbas Araghchi met with China's top diplomat Wang Yi in Beijing, indicating China's role as a diplomatic venue.
West Texas Intermediate: West Texas Intermediate futures eased 1.2% after Donald Trump's social media post, reflecting a positive market reaction to the potential for a peace agreement.
May 06, 2026 · 15 articles
International
China: China is one of the three main source countries for emergency supplies for the United Nations High Commissioner for Refugees, and shipping rates from China have increased by nearly 18%.
West Texas Intermediate: West Texas Intermediate crude was down, reflecting market uncertainty and volatility, even as refiners sought alternative crude supplies, pushing premiums for WTI Midland.
Apr 02, 2026 · 45 articles
International
China: China, as an ally of Iran, vetoed a prior International — United Nations Security Council resolution and expressed concern after a Chinese-crewed oil tanker was attacked near the Strait of Hormuz.
West Texas Intermediate: West Texas Intermediate crude futures rose due to renewed fighting and tensions in the Strait of Hormuz, reflecting market concerns over oil supply disruptions.
May 04, 2026 · 139 articles
International
China: China is hosting talks between Iranian Foreign Minister Abbas Araghchi and his Chinese counterpart, with Donald Trump also expected to visit, indicating its role in potential diplomatic efforts.
West Texas Intermediate: West Texas Intermediate crude rose significantly due to the escalation of attacks in the Middle East Gulf, settling at $106.42.
May 04, 2026 · 15 articles
International
China: China's 'teapot refineries' were warned by the United States — Office of Foreign Assets Control about sanctions risks for importing Iranian oil.
West Texas Intermediate: West Texas Intermediate crude prices have surged due to the closure of the Strait of Hormuz, reflecting the global energy crisis.
Apr 27, 2026 · 80 articles
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