'Defensive and justified': China invokes first-ever 'blocking order' against US sanctions on oil firms
🔴 Tension RisingMoneycontrol.com2026-05-03
China has issued a blocking order against US sanctions on oil firms, escalating tensions with Washington over economic pressure. This marks the first time Beijing has formally activated its ‘blocking statute’ to counter extraterritorial application of foreign laws. The move highlights growing conflict between the US and China regarding Iranian oil flows and the enforcement of secondary sanctions in global energy markets.