BS EDIT: Limits of ‘Economic D-Day’

By Business StandardPublished On Aug 26, 2026

A new sanctions push

Washington has imposed secondary sanctions on Iran-linked entities across sectors including technology, gold, shipping, aviation and digital assets

The bigger target

The sanctions could test ties with China, which buys most of Iran’s crude exports and provides Tehran with infrastructure and dual-use technology

China has workarounds

Iran-China oil trade uses yuan and alternative financial networks, while shadow fleets and independent refineries help keep sanctioned oil moving

Resistance is growing

After earlier US sanctions on Chinese refineries, Beijing invoked its anti-foreign sanctions law and rejected compliance with Washington’s measures

A risky gambit

The latest sanctions may squeeze Iran, but could also push China from quietly evading US restrictions towards more overt state-backed resistance

Diplomacy faces a test

With Trump and Xi due to meet soon, Washington must weigh sanctions pressure against the need to negotiate on trade, tariffs and critical minerals