US Expansion of Iran Sanctions Raises Risks for Chinese Banks and Trade

The Chinese regime is evaluating the potential effects of new U.S. sanctions on its financial, energy, and foreign-trade sectors. Beijing’s concern extends beyond Chinese companies losing access to the Iranian market, fearing that U.S. secondary sanctions could target banks involved in Iran oil transactions. This could disrupt China’s broader trade and financial system, as the U.S. expands its campaign against Iran.

• China is assessing the impact of new U.S. sanctions on its financial, energy, and foreign-trade sectors.
• Concerns exist that U.S. secondary sanctions could target banks settling transactions tied to Iranian oil.
• This could potentially disrupt China’s broader trade and financial system.
• The U.S. Treasury Department announced “Operation Economic Outcast” to expand its campaign against Iran.
• The U.S. warned that secondary-sanctions risks could extend to digital assets, gold, technology, aviation, and shipping.