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US Treasury Secretary Scott Bessent on Thursday urged China to join Washington’s latest efforts to economically pressure and isolate Iran after negotiations to reopen the Strait of Hormuz and end the six-month conflict collapsed.
“Keep in mind, the Chinese get 50 per cent of their energy from the Gulf. So, it would do them a big service to get with the programme,” Bessent told CNBC when asked whether the new economic sanctions would include China.
Gulf countries – dominated by Saudi Arabia and the United Arab Emirates – accounted for 27.6 per cent of China’s total crude imports in July, according to official customs data released on Thursday.
Bessent added that both allies and adversaries will be forced to choose sides in Washington’s latest campaign to isolate Iran economically, and he will share more details at a press conference next Monday.
“This is going to be the greatest coordinated economic isolation in the history of the world. And we are going to them and saying you are either with us or against us,” he said.
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