China faces particular risk as US weighs penalties on banks and Iranian oil buyers

President Donald Trump announced this week that the U.S. would be imposing an “unprecedented” level of economic warfare and isolation on Iran.

A spokesperson for the foreign ministry of China, which receives 80% of Iran's oil exports, said that going along with Trump's "economic warfare" will "only lead to escalation…

The United States is unveiling new sanctions against Iran today. These measures aim to cripple Iran's economy by targeting its oil sales. China buys most of Iran's oil and…

The Trump administration has expanded its secondary sanctions against entities and countries doing business with Iran, warning them to cut ties with Tehran or risk losing access…

China faces particular risk as US weighs penalties on banks and Iranian oil buyers