Trump threatens sanctions over Iranian oil: What it means for India, China

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Trump threatens sanctions over Iranian oil: What it means for India, China - Business Standard

Quick Summary:

However, Scott Modell, a senior adviser to US Special Operations Command on counter-threat, told CNBC that without targeting Chinese state-owned enterprises and shipping infrastructure, any new US sanctions may have limited bite.

Trump’s latest threat appears squarely aimed at Beijing, whose energy dependence on Iranian oil has only deepened amid growing strategic alignment between the two nations.

According to US Energy Information Administration data, nearly 90 per cent of Iran’s crude oil and condensate exports in 2023 were shipped to China.