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China Iran trade

China to continue Iran trade despite new US sanctions

China denounced new United States sanctions targeting Iran's oil and financial sectors as "long-arm jurisdiction" on Monday and vowed to continue its bilateral trade with the Islamic republic. The measures, which took effect on Monday, follow US President Donald Trump's decision to abandon a multi-nation nuclear deal with Tehran, which he said was flawed and does not adequately constrain Iran's destabilising behaviour in the Middle East. The sanctions aim to significantly cut Iran's oil exports — which have already…