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Washington's Iran Sanctions vs China
The article discusses the escalation of the conflict between the United States and China within the context of American sanctions on Iran. China has become the biggest beneficiary of the situation, with Tehran increasingly reliant on Beijing and Washington avoiding targeting major Chinese banks out of concern for broad economic repercussions. Reports indicate that U.S. sanctions are leading to a decline in the dollar's strength and a shift in influence toward the Chinese yuan, especially since China controls critical points in global supply chains, while the U.S. maintains dominance over the financial system through the dollar. The article explains how China remains Iran's largest trading partner, investing billions of dollars and purchasing a significant portion of Iranian oil exports, despite American sanctions. It is noted that the Americans face challenges in imposing strict sanctions on major Chinese banks, amid threats from Beijing to use its influence tools, such as halting exports of rare earth metals, which could threaten the balance of global economic power.
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