US Tightens Iran Sanctions, Warns China Over Oil Trade

The United States announced tightened economic sanctions against Iran and its trading partners. Treasury Secretary Scott Bessent warned that anyone engaging in business with Tehran would face the full power of US measures. Bessent stated that no country, including China, the main buyer of Iranian oil, is beyond the reach of US sanctions. He threatened to exclude institutions facilitating Iranian money laundering from the dollar system and promised a major announcement this week. Iran dismissed the threats, with officials predicting a "new defeat" for the US and citing a two-year plan to counter sanctions. An expert warned that Iran's economy, though strained, is far from collapse and could escalate the situation.