"No one is above the reach of US sanctions": Treasury Secretary Bessent signals China not exempt over Iran ties

Washington DC [US], August 25 (ANI): US Treasury Secretary Scott Bessent on Monday (local time) signalled that China would not be exempt from potential US sanctions over economic ties with Iran, while stopping short of directly confirming whether Chinese banks would be targeted, CNN reported. 'No one is above the reach of US sanctions,' Bessent said while addressing a press conference on Monday.