China in the Crossfire of Bessent's Latest Iran Sanctions | The China Show | 8/25/2026

Treasury Secretary Henry Bessent announced new sanctions on Iran in August 2026 that included restrictions affecting Chinese financial institutions and companies conducting transactions with Iranian entities. The sanctions targeted banks and firms that Bessent said were facilitating Iranian activities designated as threats to U.S. interests. China's government and business sector faced potential financial penalties for maintaining trade relationships with Iran.

Next story