US sanctions on Iran: China, UAE, Turkey, Iraq, India face biggest trade exposure

The U.S. announced an "economic D-Day" campaign Monday to isolate Iran from the global economy, threatening penalties against "enablers" that continue doing business with Tehran. China is the biggest buyer of Iranian oil, accounting for about 90% of its exports, while the UAE, Turkey, Iraq, and India also maintain significant trade ties. Beijing has openly opposed U.S. sanctions but may quietly increase compliance among state banks to protect dollar access. The UAE recently suspended trade with Iran following missile attacks, while Turkey and Iraq remain dependent on Iranian energy imports. India resumed crude imports in April after a seven-year halt, and these trades now face potential testing under the new U.S. threat.