*BESSENT: CHINA HAS BEEN BUYING 90% OF IRANIAN ENERGY

Bessent reported that China has been purchasing 90% of Iranian energy exports, highlighting a significant shift in energy trade dynamics. This development is likely to affect the supply chain for global energy markets, particularly through the channel of capital flows and geopolitical risk appetite, as China's demand for Iranian oil may reduce reliance on other suppliers. The Iranian economy, heavily dependent on energy exports, could see increased stability, while Chinese energy companies may benefit from discounted prices. Traders will be particularly attentive to upcoming OPEC meetings, which could influence production levels and pricing strategies in response to this evolving trade relationship.

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