U.S vs China Over Iran: Bessent Warns Chinese Banks Over Iran Oil or Face CRUSHING U.S. Sanctions

U.S. Treasury Secretary Scott Bessent has warned Chinese banks to halt purchases of Iranian oil or face steep sanctions, escalating tensions between Washington and Beijing. The move targets financial channels enabling Tehran’s oil exports, signaling a tougher U.S. stance on enforcement. Officials say penalties could reach up to 50%, increasing pressure on global institutions dealing with Iran. The warning underscores growing geopolitical friction as the U.S. seeks to curb Iran’s revenue streams and limit its regional influence.




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