China denounces US threat of sanctions over trade with Iran
Summary
China has strongly rejected the US threat to impose sanctions on countries trading with Iran, calling such measures illegal. The US announced sanctions targeting entities involved with Iran but avoided immediate penalties on Chinese institutions to prevent global financial disruption ahead of a planned summit between President Trump and China’s leader Xi Jinping.Key Facts
- China buys about 80% of Iran’s oil exports and continues trading despite US pressure.
- The US Treasury sanctioned 60 individuals, entities, and ships linked to Iran trade but excluded Chinese banks.
- US Treasury Secretary Scott Bessent avoided sanctioning China directly to protect the global financial system.
- China warned it will take all necessary steps to protect its national interests against unilateral sanctions.
- Iran’s economy suffers due to war and US blockades but remains defiant against sanctions.
- An oil tanker was hit near the Strait of Hormuz, a key shipping route, amid rising tensions.
- US Defense Secretary Pete Hegseth said military options remain possible around the Strait of Hormuz.
- The US sanctions campaign against Iran is described as an aggressive attempt to cut off Iran’s global financial connections.
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