US introduces secondary sanctions targeting Iran's trade partners

The United States has introduced a new package of secondary sanctions targeting transactions involving gold, technology, digital assets, aviation, and maritime transport. Presented by US Treasury Secretary Scott Bessent, these measures aim to pressure Iran by targeting its commercial partners rather than just Tehran directly. The announcement has sparked concerns regarding the Iranian economy, evidenced by queues forming at fuel stations in Tehran.

China, a key strategic and economic partner to Iran, has responded by criticizing the ‘maximum pressure’ policy. Chinese Foreign Ministry spokesperson Lin Jian stated that such policies increase tensions and impact the global economic and financial order. China has warned it will take necessary measures to protect its interests and rights.