Why China Is Defiant Even as US Threatens Iran Sanctions
China has thrown Tehran an economic lifeline as its biggest buyer of oil, and Xi appears in no rush to help Trump end a conflict that's pulling US resources from Asia.
Bloomberg's Jill Disis breaks down the news. (Source: Bloomberg)
Iran, Oman discuss Hormuz shipping corridor
- Latest Oil Market News and Analysis for Aug. 26 Bloomberg —
- Iran to hold talks on managing Hormuz with Oman within a timeframe of 60 days — diplomat TASS —
- Iran holds talks with Pakistan, Qatar on regional de-escalation efforts Anadolu Agency —
- Egypt stresses importance of implementing US-Iran memorandum, de-escalation Anadolu Agency —