Oil importer China won’t aid Trump economic warfare against Iran
The Trump administration is once again threatening to carry out “regime change” in Iran, this time using what President Donald Trump described as “economic warfare” against the nation rather than military might. But as Treasury Secretary Scott Bessent demands the world play along with efforts to isolate Iran, the second-largest economy, China, is refusing to join the US sanctions campaign. The…
The US has increased economic pressure on Iran, with President Donald Trump describing it as the "most crushing economic operation". The measures target oil-smuggling networks, financial transfers, and exchanges. Trump also views the Strait of Hormuz as "American territory" and claims the US has "total control" over the waterway and surrounding areas.
Iran has set conditions for reopening the Strait, including lifting the blockade, releasing frozen Iranian assets, and easing oil sanctions. According to the Asia Times, China, the second-largest economy and a major oil importer, is refusing to join the US sanctions campaign against Iran.
Tensions between the US and Iran remain high, with the Strait of Hormuz at the centre of the latest developments. Traffic through the Strait remains well below pre-war levels, despite a recent increase in vessel movements. NATO allies are exploring possible contributions to support freedom of navigation, although NATO has stressed this would not be a NATO mission.
Brief written by urgent.news from Asia Times, Gulf News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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