As the Trump administration announced sweeping economic sanctions against Iran starting August 24–25, 2026, China emerged as a major collateral target given that it purchases approximately 90% of Iran's oil exports and provides crucial financial support to the sanctioned regime.
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President Trump’s announcement of a major economic warfare campaign against Iran also has the effect of putting China in the crosshairs, the Islamic republic’s largest trading partner and primary purchaser of its oil exports. Trump’s threats to go after any country, business or banking institution supporting Iran come as diplomatic efforts have unraveled, six months...
China is Iran’s most important economic partner, buying some 90% of its oil exports and providing a financial lifeline to the heavily sanctioned regime. But since the US and Israel began their war with Iran six months ago, Beijing has offered little visible support to Tehran beyond criticizing the attacks.