Beijing tells China companies to ignore US sanctions on refiners
🔴 Tension RisingThe Economic Times2026-05-03
Beijing has ordered Chinese entities to ignore U.S. sanctions targeting refiners, citing unlawful restrictions on trade and violations of international norms. This move reflects China's growing resistance to unilateral sanctions and highlights its continued engagement with Iran for crude oil procurement. Analysts anticipate a strong response from Washington, potentially escalating tensions.