New Delhi, Aug. 25 -- United States Treasury Secretary Scott Bessent on Monday unveiled a new wave of sanctions - Operation Economic Outcast - targeting nearly 60 entities, people and vessels over Iran trade. The measures broaden secondary sanctions to cover sectors like shipping, gold, aviation, technology and digital assets

Bessent notes the aim was to sever every economic lifeline sustaining the government in Tehran until it stands alone. Though he did not name China directly, his remarks appeared to signal that Washington expects major trading partners, including Beijing, to reduce their economic ties with Tehran.

We break down the depth of Iran-China trade ties and how Beijing has responded to Washington's pressure. We also examine...