The U.S. declared an ‘onslaught’ on Iran. China’s banks got a pass

Fortune•Wed, Aug 26, 2026, 12:40 PM•2 min read

China buys 80% of Iran's oil exports. Treasury sanctioned a tanker and a Hong Kong shipper — not the banks tied to the U. S.

Source: [Fortune](https://fortune.com/2026/08/26/bessent-iran-sanctions-china-carveout/)

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