U.S. warns China, all other nations to cut Iran ties or face sanctions

WASHINGTON - The United States on Monday warned that China and all other countries now face an increased risk of secondary sanctions if they do business with Iran as Washington launches a fresh campaign aimed at severing crucial economic lifelines for Tehran.

Treasury Secretary Scott Bessent said the campaign, dubbed Operation Economic Outcast, will focus on five sectors -- digital assets, technology, gold, aviation and shipping.