China has invoked blocking measures prohibiting Chinese entities from complying with US sanctions on Iranian oil refineries, escalating tensions ahead of President Trump's planned visit to Beijing. The move directly challenges US enforcement efforts targeting Iran's oil trade.
China's Ministry of Commerce issued an injunction blocking US sanctions against five Chinese refineries, including Hengli Petrochemical, that were accused of purchasing billions in Iranian oil. The move marks a significant escalation in the US-China dispute over Iran sanctions enforcement.
China unveiled new regulations aimed at countering 'unjustified' extraterritorial use of foreign laws, threatening EU firms with reciprocal measures if the bloc targets Chinese companies under proposed cybersecurity regulations. The move is seen as reinforcing China's 'legal shield' against external pressure amid the Iran war and Panama port dispute.
