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Global Business News

The Economic Times

Global Business / The Economic Times

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China warns new US sanctions on Iran will 'escalate the situation'

China stated that sanctions will not resolve the issue with Iran. Beijing warned that additional pressure would only escalate tensions and harm global stability. The foreign ministry spokesperson urged all parties to avoid intensifying conflicts and differences. China is the largest buyer of Iranian oil, importing over eighty percent previously. These actions could disrupt global economic development and financial stability.

25 Aug 2026 9:46 am