Economy May 4, 2026 09:23 AM

Bessent Calls on Beijing to Increase Diplomatic Pressure on Iran Over Strait of Hormuz

U.S. Treasury Secretary says Washington will watch for greater Chinese engagement ahead of a summit between Presidents Trump and Xi

By Sofia Navarro
Bessent Calls on Beijing to Increase Diplomatic Pressure on Iran Over Strait of Hormuz

U.S. Treasury Secretary Scott Bessent said Monday that the United States will monitor whether China steps up diplomatic efforts with Iran to press Tehran to reopen the Strait of Hormuz. Speaking on Fox News Channel's "America's Newsroom," Bessent said he intends to press Chinese officials to join the U.S. in advocating for the strait's reopening, and noted that President Trump and Chinese President Xi Jinping have discussed Iran in their conversations. He described the forthcoming Beijing summit as an occasion for the two leaders to exchange views and to build on a consensus reached in South Korea last year.

Key Points

  • U.S. will monitor whether China increases diplomatic engagement with Iran to encourage the reopening of the Strait of Hormuz - impacts could extend to energy and transportation sectors.
  • Bessent said he will press Chinese officials to join the U.S. in advocating for the strait to be opened - signaling a desire for coordinated international diplomacy.
  • President Trump and President Xi have discussed Iran during their phone calls, and an upcoming Beijing summit is seen as an opportunity to advance consensus reached at last year’s meeting in South Korea - relevant to diplomatic and geopolitical relations.

U.S. Treasury Secretary Scott Bessent said on Monday that Washington will be watching to see if China intensifies diplomatic engagement with Iran to encourage Tehran to open the Strait of Hormuz.

Speaking on Fox News Channel's "America's Newsroom," Bessent said he plans to press Chinese officials to align with the United States in urging Iran to allow passage through the waterway. He framed the request as part of ongoing diplomatic outreach and said Washington will track whether Beijing increases its efforts.

Bessent also disclosed that Iran has been a topic of discussion between President Trump and Chinese President Xi Jinping during their phone calls. He highlighted the bilateral leader-to-leader communications as a channel through which the two administrations have already exchanged views on the matter.

Looking ahead to a scheduled summit in Beijing, Bessent described the meeting as a chance for Presidents Trump and Xi to continue their dialogue. He said the summit offers an opportunity to "exchange views" and to advance the consensus that was reached between the two leaders at a gathering in South Korea last year.


Context and emphasis

Bessent's remarks on television underscored a U.S. interest in enlisting Chinese diplomatic influence regarding Iran and the status of the Strait of Hormuz. He emphasized both direct engagement with Chinese officials and the use of high-level conversations between Presidents Trump and Xi as mechanisms to pursue a shared objective.

Next steps signaled by the Treasury Secretary

  • Bessent said Washington will monitor whether China increases its diplomatic efforts with Iran.
  • He indicated he will urge Chinese officials to support U.S. calls for reopening the strait.
  • He pointed to the upcoming Beijing summit as a forum to build on a consensus reached in South Korea last year.

Those are the public positions outlined by Bessent during his appearance on national television, reflecting current U.S. diplomatic strategy as presented by the Treasury Department.

Risks

  • Uncertainty over whether China will increase its diplomatic efforts with Iran - this uncertainty affects the timeline and effectiveness of any coordinated diplomatic outcome and could influence sectors tied to global trade and energy.
  • Reliance on high-level bilateral talks for progress introduces risk if leaders do not reach further agreement at the Beijing summit - this could prolong the status quo regarding the Strait of Hormuz and related market sensitivities.

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