Not surprising as China is a major importer of Iranian oil

China oil
  • Calls for its cooperation with Iran to be respected
  • Says that the government is committed to upholding the legitimate rights and interests of Chinese companies

This could just put a bit more strain on US-China relations but so far the developments are mostly viewed in an isolated manner towards the oil market, rather than potentially scuppering the trade deal between the two countries.

In case you missed out on developments since the weekend, here's a catch-up: