China says will safeguard its own interests as US expands Iran sanctions
Summary
China said it will protect its interests after the US announced new sanctions aimed at Iran, a major Chinese economic partner. China called for an end to these US measures and said its cooperation with Iran follows international law.Key Facts
- The US has introduced new sanctions against Iran and entities in China, expanding an economic campaign against Tehran.
- China’s Foreign Ministry spokesperson Lin Jian stated that China opposes unilateral sanctions and will take necessary steps to defend its rights.
- China continues to buy Iranian oil and is affected by tensions near the Strait of Hormuz, a key shipping route.
- US Treasury Secretary Scott Bessent said that no banks or companies are beyond the reach of US sanctions.
- Analysts think the US may avoid sanctioning Chinese firms right before Chinese President Xi Jinping’s expected visit to Washington.
- China previously reduced its oil purchases from Iran to help stabilize the global economy during energy price spikes.
- Iranian and Chinese officials criticized US policy as entering an economic war with Tehran and its partners.
- The US seeks other countries to join its sanctions effort against Iran.
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