Donald Trump made a surprising announcement on Truth Social. He said China can now buy oil from Iran. This is a big change. The US had been putting sanctions on China for doing this very thing. Trump seemed happy about it. He even said it was his great honor to make this happen.

This news came after Trump said he helped stop fighting between Israel and Iran. But then he got mad at both countries for not following the deal. The US and Israel had bombed Iran's nuclear sites. Iran responded by hitting an empty US base in Qatar. Things have calmed down since then.

For months, the US had been punishing Chinese refineries. These are small, private companies that buy Iranian oil. The US also targeted other groups involved in shipping Iranian oil to China. China buys most of Iran's oil. This gives Iran money and puts China at risk if the US tightens sanctions.

Iran's oil exports have gone up a lot in the past four years. China buys most of it. Oil prices have been going up and down. This is because of the fighting in the Middle East. People are worried Iran might block a key oil route.

Trump's announcement surprised many. It seems like a big change from his earlier policy. Republicans had criticized Biden for not stopping Iran's oil sales to China. Now Trump is doing the opposite.

Experts are not sure what this means. They say it's too early to tell if the US will really lift sanctions on Iran. They also say markets will take time to react. There's still a lot of uncertainty.

This change comes while the US is talking to China about trade issues. China has been upset about US sanctions. They say these sanctions hurt their economy.

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