1 week ago
Trump Seeks China’s Help for Crushing Economic Pressure on Iran
The United States wants to put much stronger economic pressure on Iran.
President Donald Trump warned that countries helping Iran could also face serious penalties.
Treasury Secretary Scott Bessent asked China to join this effort.
China buys much of its energy from Gulf countries and is also Iran’s biggest oil customer.
China said sanctions are not a good way to solve the problem.
Iran rejected the threats and said they attack countries’ independence.
The Strait of Hormuz is closed, making it harder for oil and gas to move around the world.
This disruption could raise energy prices and increase inflation.
U.S. Treasury Secretary Scott Bessent urged China to support Washington’s campaign to isolate Iran economically.
President Donald Trump threatened severe economic consequences for countries and entities aiding Iran.
China said sanctions and pressure would not resolve the crisis and called for political and diplomatic efforts.
Iranian Foreign Minister Abbas Araqchi condemned the U.S. threats as economic terrorism.
The Strait of Hormuz closure has disrupted roughly one-fifth of global oil and liquefied natural gas supplies.
- Who
- The United States, Iran, China, President Donald Trump, Treasury Secretary Scott Bessent, and Iranian Foreign Minister Abbas Araqchi.
- What
- Washington is preparing a major economic campaign against Iran and seeking China’s support, while China and Iran reject the pressure.
- Where
- The dispute centers on Iran, the Gulf region, the Strait of Hormuz, Washington, and China.
- When
- The latest statements were reported on Thursday, August 21, 2026; Trump announced the threatened measures on Wednesday.
- Why
- The United States says it wants to isolate Iran and stop financial and commercial support for Tehran amid the Strait of Hormuz crisis.
U.S. Pressure Campaign
Chinese and Iranian Rejection
Effectiveness of sanctions
U.S. Pressure Campaign
Washington says coordinated economic isolation will pressure Iran and could collapse its regime.
Chinese and Iranian Rejection
China says sanctions and pressure do not solve the problem, while Iran says the measures threaten national sovereignty.
China’s role
U.S. Pressure Campaign
The United States wants China to support sanctions and stop financial, commercial, and energy-related assistance to Iran.
Chinese and Iranian Rejection
China has opposed unilateral sanctions, and analysts cited in the report believe Beijing may be reluctant to cut economic support for Iran.
How to resolve the crisis
U.S. Pressure Campaign
Washington is warning countries to choose whether they support the U.S. campaign against Iran.
Chinese and Iranian Rejection
China calls for political and diplomatic action, while Iran accuses the United States of using economic pressure to deflect from domestic problems.
Key facts
- U.S. campaign
- Scott Bessent called it the greatest coordinated economic isolation campaign in history.
- Trump’s warning
- Trump said countries allowing financial, commercial, airport, or government support for Iran would face tremendous economic consequences.
- China’s energy imports
- The Gulf supplied 27.6% of China’s total crude imports in July, according to official customs data.
- Iranian oil exports
- China purchased more than 80% of Iran’s total oil exports in 2025, according to Kpler.
- Hormuz disruption
- The closure of the Strait of Hormuz has affected roughly one-fifth of global oil and liquefied natural gas supplies.
- China’s response
- The Chinese embassy in Washington said sanctions and pressure do not help resolve the issue.
Quotes
Scott Bessent
US Treasury Secretary
“"Today, I am also announcing that ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences."”
news18.com
“"This is going to be the greatest coordinated economic isolation in the history of the world. And we are going to them and saying you are either with us or against us,"”
news18.com
Sources
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