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Global Business News

The Economic Times

Global Business / The Economic Times

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Chinas paper-tiger alliance shows the US cant isolate Iran

Donald Trump's economic strategy against Iran faces significant global challenges. Treasury Secretary Bessent's with us or against us stance echoes past policies. However, the world in 2026 is different from 2001, with shifting alliances. The Shanghai Cooperation Organization now balances US power and supports Iran. This new global order means many nations will oppose American economic sanctions.

3 Sep 2026 12:56 pm