China vows to protect its rights as US readies Iran sanction
China said sanctions and pressure tactics lead to escalation as Washington prepares penalties that could hit Iran’s trading partners and secondary buyers.
- On Monday, Chinese Foreign Ministry spokesman Lin Jian warned that U.S. sanctions targeting Iran "lead to escalation," vowing Beijing will take necessary steps to protect its rights and interests.
- Treasury Secretary Scott Bessent warned that nations serving as financial arteries to Tehran should expect isolation as the United States prepares its "greatest financial offensive" against Iran, set to launch Monday at 1 pm EDT.
- Beijing relies on Tehran for 80 percent of its oil supply and accounts for 26% of Iran's imports totaling $17.8 billion, making China Iran's second-largest trading partner and explaining its opposition to the measures.
- Lin urged parties to return to political settlement through dialogue, calling coercive tactics ineffective for resolving disputes while Beijing pushed back against sanctions with calls for restraint and rationality.
- While Washington previously urged Beijing to cooperate, China has defied this pressure and continues monitoring developments, remaining committed to safeguarding its commercial interests against U.S.-led economic isolation.
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How the new U.S. sanctions on Iran could affect China
Treasury Secretary Scott Bessent announced new sanctions against Iran and said President Trump is imploring world leaders to join in on the "economic asphyxiation" of Tehran. Bessent said there would be no exemptions to the sanctions, which could indirectly affect China. Also, Bessent said President Trump would like Canada to return to trade talks in good faith. NBC News' Christine Romans and Monica Alba report.
China's Foreign Ministry responded to US rhetoric regarding the imposition of severe economic pressure on Iran.
China vows to protect its rights as US readies Iran sanction
China's foreign ministry said on Monday Beijing will closely watch developments and do what is necessary to protect its rights as the U.S. prepares to unveil new Iran sanctions that are expected to target Tehran's trading partners.
US Treasury Secretary Scott Bessent is threatening Iran's trading partners with tougher sanctions – a move that risks putting the US on a collision course with China. If the US takes the threats seriously, SPP's savings economist Shoka Åhrman warns of ripples in the water. "In such a scenario, the consequences could spread quickly," she writes to Di.
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