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The Trump administration has struggled to find an exit ramp to the war against Iran. Now, it is trying to step up the financial pressure instead by introducing new sanctions to end the six month war.
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The Iran war was supposed to expose China's weakness on oil, but it didn't quite work out that way.
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The US says it'll crack down on countries doing business with Iran. Who's buying Iranian oil? CNNU.S. Squeezes Iran But Avoids Targeting Its Biggest Lifeline: China WSJChina is the biggest buyer of Iran's oil. Could US sanctions threaten those ties? The GuardianWhy China Thinks It Can Resist Trump's Economic Threats on Iran The New York TimesIran Oil Cargoes Dry Up Even Before US Acts on Tehran Threat
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Trump targets Iran's trade lifelines — here are the countries most exposed CNBCIran vows to retaliate after US widens sanctions ReutersChina Defends Cooperation With Iran, Warns Against Disrupting It Bloomberg.comTrump's Attempt to Strangle Iran's Economy Depends on China's Cooperation The New York Times
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Bessent threatens new Iran secondary sanctions, says Trump is asking world leaders to cooperate NBC NewsBessent Launches ‘Operation Economic Outcast' to Isolate and Squeeze Iran WSJAn ‘Economic D-Day' That Must Overcome a Troubled History The New York TimesUS imposes new sanctions on Iran, calls on allies to join Al JazeeraBessent's D-Day Threat Hinges on His Willingness to Hit China Bloomberg
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