US-Iran Sanctions Escalate Tensions Ahead of China-US Talks

The US has threatened to cut off financial access for anyone trading with Iran, sparking a strong response from China.

China, which is Iran's biggest oil buyer, says it won't comply with the new restrictions.

Beijing has forcefully criticized the latest expansion of US economic sanctions against Iran, vowing to take all necessary measures to defend Chinese enterprises and trade interests.

The response follows Washington’s announcement of a broad financial initiative targeting Iran and any international partners maintaining commercial relations with Tehran.