China threatens retaliation over new U.S. Iran sanctions

BREAKING: China is warning it will retaliate against the U.S. after the latest Iran sanctions targeted businesses in China and Hong Kong.
Beijing says it will take “all necessary measures” to protect its interests.
The stakes are significant because China buys roughly 90% of Iran’s oil exports, making it Tehran’s most important economic lifeline.
Any escalation between Washington and Beijing over Iranian crude could affect shipping, sanctions enforcement and global energy flows.
For $WTI and $BRENT, the Iran conflict is increasingly becoming a U.S.-China energy issue as well.