https://www.live-feeds.com/feed/china-is-the-biggest-buyer-of-iran-s-oil-could-us-sanctions-threaten-those-tiesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/china-is-the-biggest-buyer-of-iran-s-oil-could-us-sanctions-threaten-those-tieshttps://www.live-feeds.com/feed/china-is-the-biggest-buyer-of-iran-s-oil-could-us-sanctions-threaten-those-ties#u51643Sat, 29 Aug 2026 10:35:05 +0000President Masoud Pezeshkian held a three-hour central bank meeting to address inflation, liquidity, and the balance of payments following a record low for the rial. This emergency discussion follows an expanded US campaign to choke the Iranian economy, which has already begun reducing oil cargoes to China. While Beijing has pledged to protect its interests as the primary buyer of Iranian oil, the combined pressure of US sanctions and currency instability is straining Tehran's economic stability.Why it mattersUS Treasury Secretary Scott Bessent recently introduced sanctions targeting Iran https://www.live-feeds.com/feed/china-is-the-biggest-buyer-of-iran-s-oil-could-us-sanctions-threaten-those-tieshttps://www.live-feeds.com/feed/china-is-the-biggest-buyer-of-iran-s-oil-could-us-sanctions-threaten-those-ties#u49213Wed, 26 Aug 2026 12:05:54 +0000US Treasury Secretary Scott Bessent introduced sanctions on Monday targeting Iran and foreign entities that maintain economic ties with Tehran. China, the largest buyer of Iranian oil, has denounced the threats and pledged to take all necessary measures to protect its interests. Despite Beijing's defiance, Iranian oil offers to Chinese buyers are falling and cargoes are drying up as the US blockade takes effect. Iran has vowed to push back against what it calls an economic D-day, claiming its trading partners will resist US pressure.Why it mattersThe US strategy aims to isolate Tehran by