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Search results for "China accumulated huge oil reserves before the war in Iran"

People (2)

Fact-checks (14618)

Ron Dermer stated on July 13, 2015 in a speech to a pro-Israel Christian group:
"In a few months, this deal would give Iran $150 billion" for its $300 billion to $400 billion economy, which is "like $8 trillion flowing into the United States treasury."
By Jon Greenberg• July 17, 2015
Jim Webb stated on February 03, 2011 in a committee hearing.:
The war in Iraq was a major factor in blowing "the top off the price of oil." 
By Jacob Geiger• February 14, 2011
Donald Trump stated on April 14, 2011 in an interview with Sean Hannity of Fox News:
"Iraq has the second-largest oilfields in the world (behind) Saudi Arabia."
By Louis Jacobson• April 25, 2011
George Allen stated on June 14, 2011 in a press conference.:
"We are number one in the world when it comes to energy resources. ... The Russians are second; Saudi Arabia is number three." 
By Jacob Geiger• June 17, 2011
Dave McCormick stated on August 25, 2024 in a TV ad:
Sen. Bob Casey “voted to sell American oil to China.”
By Caleb McCullough• August 28, 2024
George Allen stated on December 07, 2011 in a debate.:
The United States "is number one in the world in energy resources; Russia is number two."  
By Warren Fiske, Jacob Geiger• December 8, 2011
Michele Bachmann stated on August 27, 2011 in a campaign event:
"The United States is the No. 1 country in the world for energy resources. … We are the king daddy dogs when it comes to energy."
By Louis Jacobson• August 31, 2011
Donald Trump stated on April 04, 2011 in an interview on Fox News:
"Libya supplies the oil for China. We get no oil from Libya."
By Angie Drobnic Holan• April 11, 2011
Bill O'Reilly stated on July 27, 2015 in an interview on "The O'Reilly Factor":
Russia and China "absolutely said pretty clearly" they would not keep economic sanctions on Iran if the United States "walked away from the deal."
By Anna Bruzgulis• July 30, 2015
Eric Cantor stated on May 20, 2011 in a press conference:
Says the United States is "the Saudi Arabia of coal."
By Eric Stirgus• May 27, 2011
Donald Trump stated on May 07, 2026 in remarks to reporters:
Gasoline prices have “come down very substantially today.”
By Louis Jacobson• May 8, 2026
Peter Navarro stated on August 18, 2019 in an interview:
U.S. tariffs on China are "not hurting anybody" in the United States.  
By Tom Kertscher• August 20, 2019
Rick Perry stated on November 22, 2011 in the CNN Republican presidential debate:
"When you sanction the Iranian central bank, that will shut down (Iran's) economy."
By W. Gardner Selby• November 23, 2011
X posts stated on May 06, 2026 in a social media post:
“California only has ‘enough’ oil and gas supply to meet demand for the next six weeks.”
By Louis Jacobson• May 7, 2026
Mark Warner stated on August 26, 2008 in Denver:
The U.S. energy policy is to "borrow money from China to buy oil from countries that don't like us."
By Angie Drobnic Holan• August 26, 2008
John McCain stated on October 28, 2008 in a TV ad airing in Florida:
"Obama says Iran is a 'tiny' country, 'doesn't pose a serious threat.'"
By Bill Adair, Robert Farley, Bart Jansen• October 28, 2008
Chris Wright stated on March 12, 2026 in an interview with Fox News:
The U.S. produces “more oil than we can consume. We’re a net oil exporter.”
By Louis Jacobson• March 13, 2026
Bill Clinton stated on July 26, 2016 in remarks at the Democratic National Convention in Philadelphia:
"As secretary of state, (Hillary Clinton) worked hard to get strong sanctions against Iran's nuclear program" and "got Russia and China to support them."
By Lauren Carroll• July 27, 2016
Eric Hovde stated on March 29, 2012 in a radio ad:
"The failed economic policies" of President Barack Obama, the Democrats and the Federal Reserve "are making gas prices higher while America’s economy is running on fumes."
By James B. Nelson• May 4, 2012
Stephen Hayes stated on December 28, 2014 in a panel discussion on "Fox News Sunday":
"We've caught Iran cheating on the interim (nuclear) deal."
By Jon Greenberg• December 31, 2014

Articles (5433)

Ask PolitiFact: What is the Strait of Hormuz and how does it affect oil prices?

By Louis Jacobson, Zoe Weyand• March 11, 2026

Ask PolitiFact: What does the Iran war mean for US gasoline prices?

By Louis Jacobson• March 4, 2026

Will you pay $500 more for gas this year because of the Iran war? Fact-checking Democrat Ed Markey

By Amy Sherman• March 26, 2026

Strait of Hormuz: What to know about the crucial oil passage Iran might block following US strikes

By Madison Czopek, Ella Moore• June 23, 2025

Not just oil: How the Strait of Hormuz blockage affects US consumers, from fertilizer to helium

By Louis Jacobson• April 6, 2026

Supporting Iranians, then threatening to end civilization: How Trump contradicts himself on war

By Amy Sherman• April 7, 2026

In uncertain times, fact-checkers are working with special urgency

By Louis Jacobson• April 2, 2026

Trump wants a gasoline tax suspension. But it’s never been done and could have serious drawbacks

By Louis Jacobson• May 12, 2026

Ask PolitiFact: How did U.S. actions contribute to economic and political upheaval in Iran?

By Louis Jacobson• February 27, 2026

Mix 'n match creditors with causes

By Angie Drobnic Holan• June 20, 2008

Fact-checking Barack Obama's CNN appearance

By Lauren Carroll, Jon Greenberg• December 21, 2014

Joe Biden’s release of oil from the Strategic Petroleum Reserve: What you need to know

By Louis Jacobson• November 24, 2021

Ask PolitiFact: Why are gas prices going up?

By Jon Greenberg, Louis Jacobson• March 9, 2022

Fact-checking President Barack Obama's CNN appearance

By Lauren Carroll, Jon Greenberg• December 21, 2014

Why is the US selling stockpiled oil to China? We have answers

By Louis Jacobson• July 11, 2022

Fact-checking the first presidential debate

By Linda Qiu• September 27, 2016

The US freed $6 billion in Iranian money. Did it help fund Hamas’ attack on Israel?

By Louis Jacobson, Samantha Putterman• October 9, 2023

Could Donald Trump force US firms out of China? Pretty much

By Jon Greenberg• August 27, 2019

VP debate fact-check: What JD Vance and Tim Walz got right, wrong on abortion, immigration

By PolitiFact Staff • October 2, 2024

Fact-check: What Trump said about ‘$6 billion to Iran,’ immigration, economy at New Hampshire rally

By Matthew Crowley, Louis Jacobson, Maria Ramirez Uribe, Amy Sherman• October 9, 2023