‘Unprecedented’: China’s blocking ban on US sanctions draws US media attention
🔴 Tension RisingGlobal Times2026-05-05
China issued a blocking ban to circumvent US sanctions on five Chinese companies involved in Iranian petroleum transactions. This move represents China's response to unilateral US sanctions and their extraterritorial application, aimed at safeguarding national sovereignty and economic interests. The action is seen as a challenge to the US sanctions system and could impact oil markets.