U.S. Treasury Secretary Scott Bessent emphasized the strategic importance of Chinese engagement in Washington’s latest economic campaign against Iran during a CNBC interview. He highlighted that China’s reliance on Gulf energy resources—accounting for 27.6% of its July crude imports—positions the country to significantly impact global sanctions efforts.
Bessent stated that Washington will frame the initiative as a binary choice for all nations, requiring alignment with the coalition seeking to isolate Iran through coordinated economic actions. Further details will be shared at a forthcoming press conference.
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