China tells firms: don’t obey U.S. Iran sanctions - Struggle - La Lucha

China has ordered all Chinese firms to ignore U.S. sanctions targeting Iranian refineries, invoking the 2021 Blocking Statute for the first time. This creates a legal conflict for multinational firms and raises the risk of a financial war between the U.S. and China. China's defiance of U.S. sanctions challenges the assumption that no major economy would openly defy them.