India, Aug. 26 -- US-Israel-Iran Latest Live News: The widening US economic campaign against Iran is now creating a fresh confrontation with China, turning Washington's pressure on Tehran into a broader dispute between the world's two largest economies. Beijing on Tuesday rejected the latest US sanctions threat and said it would take steps to defend its interests as Washington moves against countries and companies that continue doing business with Iran.

The dispute matters because China remains one of Iran's most important economic partners and a major buyer of Iranian oil. At the same time, President Donald Trump's administration is trying to use financial pressure to cut Tehran off from international trade and force countries dealing w...