The Journal. · Tuesday, August 25, 2026
The U.S. has imposed sanctions on over 60 entities doing business with Iran, but notably did not name China, Iran's largest trading partner. This reluctance to confront Beijing directly is attributed to the administration's desire for a stronger relationship with China, despite the complexities of current trade relations.
“The fact that Bessant didn't name China in particular stood out.”
“China is Iran's biggest trading partner and usually its number one buyer of oil exports.”
“But that is a little bit complicated right now because the President is trying to have a stronger relationship with China.”