
US Treasury Secretary Scott Bessent is set to unveil a new sanctions campaign against Iran at 17:00 GMT on Monday, aiming to sever the nation's economic lifelines.
China, Iran's largest trade partner, reported $9.96bn in two-way trade in 2025, with Iranian oil shipments to Beijing accounting for approximately 90 percent of Tehran's total oil sales.
President Donald Trump is scheduled to host Chinese leader Xi Jinping at the White House on September 24, a meeting that could be complicated by potential US economic retaliation against Beijing.