Trump's Economic Squeeze on Iran Stymied by China Relationship

The Trump administration has announced an 'economic onslaught' against Iran's financial connections around the world. However, this move may be hindered by its relationship with China, which is Iran's biggest trading partner and oil buyer.

Treasury Secretary Scott Bessent's announcement did not provide specifics on how the U.S. would target China, leaving doubts about the effectiveness of the new campaign.

Analysts say that Beijing will likely wait and see before taking action, doing the minimum to comply without openly confronting the U.S.