US Targets Chinese Firms in New Sanctions Against Iran

In a significant escalation of its economic measures, the United States has imposed fresh sanctions on 60 entities across various countries, notably including China and Hong Kong. This move, announced on Monday, is part of the Trump administration's ongoing strategy to economically isolate Iran amid rising tensions.

The sanctions come with a stern warning from the U.S., urging countries with ongoing economic and commercial relationships with Iran to take "immediate action." This initiative follows unsuccessful military interventions and diplomatic efforts aimed at resolving the six-month-long standoff over the Strait of Hormuz.

Source: www.scmp.com