Live updates: Key Iranian trading partner China rejects Trump’s ‘economic D-Day’ threat - CNN

China rejected US President Donald Trump's threatened "economic D-Day" against Iran, stating that sanctions do not "fit the interest of any party," and observers note Washington has little leverage over Beijing, a key Iranian trading partner.
Trump vowed "tremendous economic consequences" for nations doing business with Tehran, and Iran's Foreign Ministry has warned that those ordering or enforcing the levies "are liable to prosecution and punishment."
Iranian Foreign Ministry spokesperson Esmaeil Baghaei condemned the threat as "a recipe for an abysmal return to full-scale classic colonialism," reflecting Tehran's defiant posture.
Ship traffic through the Strait of Hormuz rose 27% over the past week, with UKMTO recording 103 vessels entering and 89 leaving, though that remains only 20% of the pre-war seven-day average.
Most vessels were flagged from Panama and Liberia, with none from the United States, and product tankers were the most common type; more than 80% of liquids over the past two weeks used the UN-authorized Omani route that Iran opposes.
US Energy Secretary Chris Wright said the Navy helped move over 15 million barrels of oil and products out of the strait plus five million more via pipelines, while American drivers now pay nearly a dollar more per gallon than a year ago as refineries face wartime disruptions.