China Defies US Sanctions on Iran. Blocking Rules activated for the first time

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Larry Johnson analyzes China's groundbreaking move ordering domestic companies to ignore US sanctions targeting Iranian oil trade. For the first time, China formally activated its 2021 blocking rules, legally shielding companies and banning Chinese entities from complying with US measures. Beijing's Ministry of Commerce called US sanctions unlawful and a violation of international norms. This creates conflicting obligations for banks and shippers - choosing between US and Chinese directives. The era of US financial bullying is over as China throws down the gauntlet.

#China #USSanctions #Iran #LarryJohnson #Geopolitics #IranOil #USChina #EconomicWarfare

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