Trump's 'Economic D-Day' Against Iran Risks U.S. Ties With China
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In late August U.S. Treasury Secretary Scott Bessent launched Operation Economic Outcast, an "economic D-Day" campaign to demolish Iran's economy and war effort. China buys more than 90% of Iran's oil, so the drive would have to target Chinese refiners, shippers and banks. Beijing pledged "all necessary measures" to protect trade with Iran, adding friction as Xi Jinping arrives in Washington on Wednesday for U.S.-China trade talks on Thursday, just over a month before the midterms.
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