China in the crossfire as US widens economic warfare on Iran
China faces a dilemma in the six-month war between Iran and the United States, wanting the conflict to drag on and drain American military and government resources, yet wary of becoming a target of Washington’s newly announced economic campaign against countries that do business with Tehran. Beijing’s struggle comes as the US Department of the […] The post China in the crossfire as US widens…
The United States is set to intensify its economic pressure on Iran at an upcoming G20 meeting of finance ministers and central bank governors in Asheville, North Carolina. According to a US official, Treasury Secretary Scott Bessent will urge G20 counterparts to comply with US sanctions on Iran. The meeting, scheduled for next Monday and Tuesday, comes amid rising tensions in the Middle East.
The US effort aims to isolate Iran economically, with Washington seeking to persuade fellow G20 economies to cut their remaining business ties with Tehran. According to The Vibes, this will be a key topic of discussion at the meeting. China, which has significant economic ties with Iran, faces a dilemma in this conflict, wanting to see the US drained of resources while also avoiding becoming a target of Washington's economic campaign.
US officials, including Treasury Secretary Bessent, will make direct appeals to their counterparts in bilateral meetings, stressing the importance of complying with US sanctions on Iran. The G20 meeting is one of several key ministerial gatherings this year, leading up to a G20 leaders' summit in December, hosted by President Donald Trump in Florida.
Brief written by urgent.news from Asia Times, The Vibes, Al-Monitor, Free Malaysia Today — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
