China warns it will safeguard its interests after US widens sanctions against Iran
Summary
The United States announced new economic sanctions against Iran and countries trading with it, including China. China said it opposes the sanctions and will take necessary steps to protect its interests. The US Treasury Secretary warned that countries working with Iran could face isolation.Key Facts
- The US plans to expand sanctions targeting Iran and its trading partners.
- China is Iran’s largest buyer of oil but has reduced imports under US pressure.
- China opposes the US sanctions, calling them illegal and unilateral.
- China’s foreign ministry said China and Iran’s trade follows international law.
- US Treasury Secretary Scott Bessent called the sanctions the biggest financial attack on Iran.
- President Trump plans to call world leaders to urge them to stop business with Iran.
- Bessent warned that no banks or businesses are safe from US sanctions.
- Talks between President Trump and Chinese President Xi Jinping are scheduled next month.
- Iran claims it is ready to handle the new sanctions with plans covering two years.
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