Part 8/10:
In a related geopolitical context, the U.S. Treasury has sanctioned a China-based "teapot" refinery for engaging in trade with Iran, reportedly purchasing over a billion dollars' worth of Iranian crude oil linked to Iran’s Islamic Revolutionary Guard. The sanctions are part of the broader strategy of maximal economic pressure adopted by former President Trump against Iran, further complicating the relationship between China and the U.S. This action signifies not only an effort to control Iranian oil revenue but also highlights the complex dynamics at play in the ongoing U.S.-China trade war.