Umud Shokri

“Beijing may oppose US sanctions politically, while major Chinese banks and globally exposed companies still avoid transactions that could threaten their access to the US financial system,”

Umud Shokri · said date not stated · reported 2026-08-24

Shokri said Beijing may oppose US sanctions politically but major Chinese banks avoid transactions threatening their US financial system access.

“Iran has learned how to survive under pressure, although survival is not the same as avoiding economic damage,”

Umud Shokri · said date not stated · reported 2026-08-24

Shokri said Iran has become adept at finding ways around US sanctions but survival is not the same as avoiding economic damage.

“So Iran’s strongest protection comes from China, while Turkiye, Iraq, the UAE, and other regional partners are more likely to reduce exposure if secondary sanctions become sufficiently credible and costly,”

Umud Shokri · said date not stated · reported 2026-08-24

Shokri said Iran's strongest protection comes from China while regional partners are likely to reduce exposure if secondary sanctions become costly.

“Smaller refiners and less internationally exposed firms are usually more willing to take that risk.”

Umud Shokri · said date not stated · reported 2026-08-24

Shokri noted that smaller refiners and less internationally exposed firms are more willing to risk transactions under US sanctions.