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Bessent just connected every dot,like I wrote i my latest article. China bought 90% of Iran's oil exports. That's almost 10% of China's total imports. Now the blockade cuts it off. And the US is warning Chinese banks: process Iranian payments = secondary sanctions. This isn't just an energy...

528,617 views • 2 months ago •via X (Twitter)

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China ordered its companies to ignore US sanctions on Iran. Rubio just told China that ignoring those sanctions will trigger secondary sanctions. Trump flies to Beijing in nine days. After China's Ministry of Commerce invoked its Blocking Statute ordering all Chinese entities not to comply with US sanctions on Iranian oil buyers, Secretary of State Marco Rubio responded publicly and without ambiguity: "If you ignore our sanctions, you're going to face secondary sanctions. And I don't have an announcement for you today, but we don't do these things for symbolic purposes." Secondary sanctions are not symbolic. They target anyone who does business with the already-sanctioned entities. Any Chinese bank, shipping company, or financial institution that processes transactions for the five sanctioned Chinese petrochemical companies risks being cut off from the US financial system entirely. For a country whose entire economic model depends on dollar-denominated global trade, that threat has real consequences. Rubio also made Beijing's own economic self-interest the argument. China is an export economy. Iran is currently threatening the Strait of Hormuz. Rubio put it plainly: "You can't buy from them if you can't ship it there." China is financing the military that is closing the waterway its own exports depend on. Beijing's Blocking Statute makes compliance with US sanctions illegal under Chinese law. Rubio just made non-compliance expensive under US law. Every Chinese company in this chain now has to choose which legal system it fears more. Trump sits down with Xi in Beijing on May 14. #China #CCP #Iran #Rubio #SecondarySanctions #Geopolitics #StraitOfHormuz #TrumpXi #Sanctions #OilTrade

UnveiledChina

71,522 views • 2 months ago