China defies US sanctions on Iranian oil ahead of Xi-Trump summit
🔴 Tension RisingCrypto Briefing2026-05-04
China's defiance of U.S. sanctions on Iranian oil is escalating tensions between the U.S. and China, challenging Washington's pressure campaign against Tehran. This move increases uncertainty surrounding the upcoming summit between Donald Trump and Xi Jinping. The situation highlights the ongoing geopolitical friction and potential impact on global energy markets.