The language used Monday by Treasury Secretary Scott Bessent as he announced a new raft of sanctions against Iran was apocalyptic. The measures are part of the Trump administration’s plan to use economic pressure to force Iran to capitulate, to bring an end to the nearly six-month war and reopen the Strait of Hormuz. The…
China, a key customer of Iranian oil, has advocated for a ceasefire, insisting US sanctions will not resolve the conflict. Published On 25 Aug 202625 Aug 2026 China has said that it would safeguard its interests after Washington unveiled new measures while laying out plans for the “economic asphyxiation” of Beijing’s economic partner Iran. Speaking…
US President Donald Trump’s administration has said it aims to sever “every” economic lifeline sustaining Iran in what officials have warned will be the toughest sanctions campaign ever seen. The threat, if followed through, would mean putting China, Iran’s biggest trade partner, squarely in the crosshairs of US sanctions. Recommended Stories list of 4 itemsend…
China and India are increasingly turning to Brazil to make up for lost oil supplies as the fallout from the US-Israel war on Iran continues to disrupt energy trade through the Strait of Hormuz. With oil harder to access and Russian supply largely constrained by sanctions, Asian buyers are scrambling for crude from suppliers seen as safer…
Beijing —China’s President Xi Jinping and Russia’s Vladimir Putin met Wednesday in Beijing, just days after President Trump left the Chinese capital. The two major U.S. adversaries sought to underscore their close ties with a host of business deals – and to show a united front against “unilateral and hegemonic countercurrents” amid the ongoing U.S.-Israeli…
The Sea Voyager crude oil tanker anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images Oil prices rose Friday after U.S. President Donald Trump said China has agreed to purchase oil from America, following talks with Chinese leader Xi Jinping. International…
An employee works on core components of circuit breakers for wind turbines at Siemens Energy’s Hangzhou Plant on February 28, 2026 in Hangzhou, Zhejiang Province of China. China News Service | China News Service | Getty Images The Iran war appears to have supercharged the clean energy transition, providing a catalyst for wind power giants…
The Hengli refinery, China’s second-largest, has generated hundreds of millions of dollars for Iran’s military, the US Treasury says. Published On 25 Apr 202625 Apr 2026 The United States has sanctioned a Chinese oil refinery for buying hundreds of millions of dollars worth of Iranian oil. Ahead of potential new talks on ending the US-Israeli…
Chinese president Xi Jinping said that China’s path as the first country to develop wind and solar power has proven to be forward-looking. (EPA Images pic) BEIJING: Chinese president Xi Jinping has called for accelerated planning and construction of a new energy system to safeguard the country’s energy security, weeks into the Iran war that…
Iran’s paralysis of the Strait of Hormuz has continued to upend global oil and gas markets as the United States-Israeli war on the country enters its second month. After US President Donald Trump pledged to continue aggressive strikes on Iran for another two to three weeks in a speech on Wednesday night, oil prices surged…