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Breaking News LIVE Updates: China ties could weaken US economic crackdown on Iran ahead of Trump-Xi summit

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As Iran's main economic partner, China reduces the effect of the US attack on Iran's economy. 80% of Iran's crude exports are destined for Beijing.

·Lisboa, Portugal
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The Treasury Department announced on Monday sanctions against nearly 60 Iran-related entities, including individuals and companies in mainland China and Hong Kong accused of supporting Tehran's nuclear and missile programs.

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NEWS9 LIVE broke the news on Wednesday, August 26, 2026.
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