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US issues alert on Iran economic sanctions
The U.S. Treasury Department plans to impose economic sanctions on Iran and its trading partners, including bans on entities, individuals, and ships, as well as restrictions on companies and countries that do business with them, with the aim of tightening the grip on their financial activities. Meanwhile, China has defended its trade cooperation with Iran, emphasizing the need to protect its interests, as it controls approximately 90% of Iranian oil sales and serves as a major link in the global economy. Efforts to reduce Iran’s income sources face significant challenges if importing companies are not included in the sanctions, with attempts to avoid global economic repercussions and minimize the impact on trade through diplomatic channels. Despite the cautious stance of major financial institutions, smaller refineries resort to strategies to import and process oil, all while the market carefully monitors the strategic situation.
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