US dollar system
Search documents
Is China calling out Bessent's bluff? Peter Alexander on China-Iran sanctions
CNBC Television· 2026-08-27 16:30
I don't think it is um open to debate that the biggest commercial partner with Iran is China, whether it's buying their oil or providing support in other ways and that is done through a series of different architectures that go outside the US dollar system. So the only approach would be for the Treasury Department to move on either Chinese banks directly or indirectly and that would then cause the you know so basically the wrath of Beijing and God knows what approach that they would take or they don't at Tr ...