The United States is preparing stricter measures to economically isolate Iran, primarily targeting China due to its significant purchases of Iranian oil exports. These secondary sanctions could disrupt Iran’s revenue streams but risk provoking a backlash from Beijing, raising the stakes of U.S.-China relations as President Xi Jinping’s visit to Washington approaches. Analysts are concerned that these developments could hinder negotiations over Iran’s nuclear program, with prediction markets reflecting lower confidence in a U.S.-Iran deal being achieved in 2026.
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