China says will ‘safeguard own interests’ after US vows Iran sanctions

On Tuesday, China's foreign ministry spokesperson Lin Jian declared that Beijing would protect its interests following the United States' announcement of sanctions against Iran. The US, embroiled in a six-month conflict with Iran, recently unveiled additional penalties targeting certain entities, including Chinese organizations, and expanded its secondary sanctions threats, urging nations globally to join in the economic campaign against Tehran.

China has consistently advocated for a ceasefire and maintained that US sanctions will not resolve the ongoing conflict. Foreign ministry spokesman Lin Jian emphasized during a routine news briefing that China's cooperation with Iran has always been conducted under international law, and it should not be interfered with or disrupted. He reiterated that China has previously stated its firm opposition to illegal unilateral sanctions and vowed to take all necessary measures to protect its own rights and interests.

China is a crucial customer for Iranian oil and is directly impacted by the blockade of the Strait of Hormuz. Despite sanctions spanning decades, Iran has managed to survive by utilizing intricate international financial networks to circumvent restrictions. Prior to the war, Iran was exporting millions of barrels of oil, predominantly to China.

Responding to a query on Monday regarding whether Chinese banks would be targeted by the new penalties, US Treasury Secretary Scott Bessent stated unequivocally, "No one is above the reach of US sanctions."