May 3, 2026
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May 3, 20263:05Now PlayingIn a major escalation in trade tensions between the United States and China, Beijing’s commerce ministry on Saturday (May 2) invoked the first-ever “blocking order” against sanctions imposed by Washington against five firms over the purchase of Iranian oil. China, a key customer of Iranian oil, relies on discounted crude from the Islamic Republic mainly through independent “teapot” refineries. Amid tensions in West Asia, the US had ramped up its economic pressure on Tehran, imposing sanctions on such refineries.
#breakingnews #topnews #china #us #donaldtrump #trump #tradewar #iran #middleeastconflict #uschina #worldnews #internationalnews #mirrornow #mirrornoworiginals
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