China vows to shield its firms from illegal and unilateral sanctions by the US over Iran.

Ministry of Commerce has issued an injunction to block US sanctions imposed on five Chinese refineries.

Following the recent imposed war, Iran shifted the game by closing the Strait of Hormuz – a renewable, low-cost threat. Unlike other cards, this credible leverage forced the US into negotiations and to make concessions.

Iran has strongly denounced latest threats by the US Treasury Department to intensify sanctions, branding Washington’s latest hostile move as “economic terrorism” and blatant “state blackmail.”

From the $8 billion frozen by the Carter administration in 1979 to over $100 billion today, Iran's assets remain trapped abroad as part of a long-running US economic war against the Iranian nation.

India makes first oil purchase from Iran since 2019, saying it faced no payment problems.

The US has reportedly threatened Iraq with potential sanctions targeting key institutions if Nouri al-Maliki becomes the Arab county’s next prime minister.