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China vows to protect its rights as US readies Iran sanction
Summary
China's foreign ministry said on Monday Beijing will closely watch developments and do what is necessary to protect its rights as the U.S. prepares to unveil new Iran sanctions that are expected to target Tehran's trading partners. U.S. Treasury Secretary Scott Bessent, who is set to hold a press conference at on Monday, has threatened to impose "the toughest sanctions in history" on Iran and urged China to cooperate with Washington.
Iranian Deputy Foreign Minister Kazem Gharibabadi responded to remarks by US Treasury Secretary Scott Bessent, stating that the US is "under an illusion of victory." Gharibabadi said that the US launching its largest financial offensive against Iran and mobilizing all its institutions is not a victory, but an admission of a bitter defeat.