PrimeHeadlines.com | June 25, 2025 — Global oil prices plunged more than 6% Monday after former U.S. President Donald Trump publicly admitted that China is continuing to buy Iranian oil, effectively undermining years of U.S. sanctions policy.
The surprise statement comes just days after U.S. airstrikes targeted Iran’s nuclear sites, raising fears of a supply shock. But instead of climbing higher, oil markets tanked.
Brent crude fell to $67.14
WTI crude dropped to $64.37
The irony wasn’t lost on energy traders: while the military action briefly spiked prices, Trump’s remarks triggered a massive correction. Analysts say markets are now pricing in the reality that China has never really stopped buying Iranian crude, often through opaque networks of shell companies.
Trump’s admission marks a stark shift from his administration’s “maximum pressure” campaign, which aimed to choke off Iran’s oil revenues. By conceding that China will continue purchasing oil regardless of U.S. policy, the former president sent an unmistakable signal: sanctions are leaking, and the market knows it.
Oil traders, once on high alert amid escalating conflict, now face a sobering recalibration.
> “You can bomb enrichment sites, but you can’t bomb trade routes,” quipped one analyst.
As tensions simmer and markets adjust, the collapse in oil prices reflects not just geopolitical strategy, but the power of economic reality in shaping global energy flows.
