China accounts for over 80% of Iran's oil exports, a key detail revealed in the agreement between U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. The two leaders agreed at a White House meeting that the U.S. would work to reduce Iran's oil exports specifically to China, Axios reported, citing U.S. officials. This move is seen as part of the Trump administration's broader 'maximum pressure' campaign against Iran, aiming to further isolate the country economically.

China's foreign ministry quickly responded, stating that normal cooperation between nations conducted within international law is legitimate and should be respected. However, any significant reduction in Iran's oil sales to China would directly impact Tehran's revenue streams. Iran currently relies heavily on oil exports for its income, and China is its largest buyer. The U.S. and Iran also held indirect talks last week in Oman, attempting to revive nuclear diplomacy amid heightened regional tensions.

The potential impact on global oil markets is significant. While the U.S. has been increasing its own oil production, a reduction in Iranian exports to China could tighten supply, potentially affecting prices. However, the scale of any cuts and their implementation remain uncertain. The agreement underscores the complex interplay between geopolitical strategy and energy markets, with implications for both U.S. foreign policy and global energy security.