US urges China to back its ‘most crushing economic operation’ against Iran

US Treasury Secretary Scott Bessent on Thursday urged China to join Washington’s latest efforts to economically pressure and isolate Iran after negotiations to reopen the Strait of Hormuz and end the six-month conflict collapsed. “Keep in mind, the Chinese get 50 per cent of their energy from the Gulf. So, it would do them a big service to get with the programme,” Bessent told CNBC when asked whether the new economic sanctions would include China. Bessent also said that “many conversations are...