China defies US warning over Iranian oil: Beijing orders refiners to ignore sanctions

Following the U.S. Treasury Department's designation of China's Iranian oil purchases as a target, China ordered its refiners to ignore U.S. mandates and continue buying Iranian oil. This escalation heightens tensions between the U.S. and China and could create instability in the global energy market. The situation unfolds ahead of a high-stakes summit between President Trump and President Xi Jinping.