(Corrects time of press conference in paragraph 2)BEIJING, Aug 24 (Reuters) - 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. U.S. Treasury Secretary Scott Bessent, who is set to hold a press conference at 1 p.m. EDT (1700 GMT) on Monday, has threatened to impose "the toughest sanctions in history" on Iran and urged China to cooperate with Washington.

US prepares stricter measures against Iran, risking China backlash. US-Iran deal funding in 2026 at 17.5% YES, uranium cap at 9.5% YES, enrichment moratorium at.

China Friday reiterated its call for negotiations between the US and Iran to end the conflict, after the US Treasury secretary announced what they called the “toughest sanctions…

China stated that sanctions will not resolve the issue with Iran. Beijing warned that additional pressure would only escalate tensions and harm global stability. The foreign…