US Treasury chief urges China to back proposed Iran sanctions
US Treasury chief urges China to back proposed Iran sanctions US Treasury Secretary Scott Bessent urged China to “get with the programme” over proposed sanctions on Iran, saying Beijing would benefit from the reopening of the Strait of Hormuz and lower energy prices. Asked in a CNBC interview whether Washington could target China for doing business with Iran, Bessent said such discussions were…
US Treasury Secretary Scott Bessent has urged China to support proposed sanctions on Iran. He said that China, which gets 50 percent of its energy from the Gulf, would benefit from the reopening of the Strait of Hormuz and lower energy prices.
Bessent told CNBC that it would be in China's interest to "get with the programme". When asked if Washington could target China for doing business with Iran, he said such discussions were best held in private.
According to Reuters, Bessent stated that the new economic sanctions would aim to isolate Iran and that both allies and adversaries would be forced to choose sides. He claimed that this would be the greatest coordinated economic isolation in history and that it would lead to the collapse of the Iranian regime.
Brief written by urgent.news from Middle East Eye, Reuters Business via SCMP — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
