U.S. President Donald Trump announced on June 24, 2025, that China can now continue purchasing oil from Iran. He expressed hope that China would also buy substantial amounts of oil from the United States. Trump described facilitating this development as his "great honor." The announcement followed a recent ceasefire agreement between Israel and Iran. While the statement suggested relief for Tehran from previously imposed U.S. sanctions targeting Iranian oil trade, the White House later clarified that this did not represent a relaxation of those sanctions.