Iran threatens heavy blows as Treasury avoids striking Chinese banks
Treasury Secretary Scott Bessent announced new sanctions on 60 individuals, entities and vessels. The new rules did not touch Chinese banks suspected of handling Iran's oil sales.
Why it mattersNew sanctions raise tensions in an already volatile conflict. The Treasury's choice to spare Chinese banks signals concern about trade retaliation. The US is preparing talks with China.
AustraliaNo direct Australian effect yet, but Australia typically follows US sanctions policy and global oil prices could shift if the conflict escalates.
Corroborated bythenightly.com.au·7news.com.au
✓ Claims checked against the source. checked 9 h ago
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