China will do what it can to reopen Strait of Hormuz, Bessent says

“WASHINGTON, May 14 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that reopening the Strait of Hormuz is in China's best interests and he believes Beijing will do what it can to reopen the waterway. "I think they're going to do what they can," Bessent said in an interview with CNBC. "China, it's very much in their interest to get the Strait reopened, and I think they will be working with behind the scenes to the extent anyone has any say over the Iranian leadership."

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