US imposes sanctions on Chinese companies for allegedly helping Iran
State department says groups provided satellite imagery that enabled Tehran to strike American forces in Middle East
State department says groups provided satellite imagery that enabled Tehran to strike American forces in Middle East

Shipments provide a vital source of income for Iran and allow China to stock up large reserves

What matters now is Tehran’s response

Washington has raised concerns about Tehran’s nuclear programme, ballistic missiles and allied militant groups

Lost aircraft and radars contribute to estimated $500mn daily price tag and leave US exposed elsewhere

Beijing threatens companies with harsh punishments, including exit bans, to protect against foreign sanctions

Poorer countries face a triple whammy of crises in fuel, food and remittances