Trump Discussed Sanctioned Chinese Oil Refiners With Xi, Considering Lifting Bans

U.S. President Trump visits China
Chinese President Xi Jinping and U.S. President Donald Trump attend a meeting on the sidelines of their visit to the Zhongnanhai Garden in Beijing, China, May 15, 2026. REUTERS/Evan Vucci

(Reuters) – President Donald ​Trump said on Friday he ‌discussed Chinese oil companies that have been sanctioned for buying ​Iranian oil and will ​make a decision about whether ⁠to lift bans in the ​next few days.

The U.S. recently ​imposed sanctions on several Chinese oil refiners for buying Iranian oil, ​including Hengli Petrochemical, one ​of the country’s largest private refiners and ‌a symbol ⁠of Beijing’s drive to modernize and upgrade the industry.

“We talked about that and I’m ​going ​to make ⁠a decision over the next few days,” ​he told reporters aboard ​Air ⁠Force One shortly after leaving Beijing following his two-day ⁠summit ​with President Xi ​Jinping.


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Reporting by Trevor Hunnicutt aboard Air Force ​One; Editing by Toby Chopra

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