Beijing, China opposes unilateral U.S. sanctions against Iran, and curbs on its oil will only worsen volatility in global energy markets, the Commerce Ministry said on Thursday.

According to Reuters, President Donald Trump on Wednesday imposed new sanctions on Iran, targeting revenue from its exports of industrial metals.

“Iran and China are important trade partners, and China will defend the rights of its firms,” Chinese Commerce Ministry Spokesman Gao Feng told reporters.

Last year, the U.S. withdrew from the Iran deal regarding its nuclear program, and imposed new sanctions on Tehran, as well as countries who deal with Iran.

Source: Jordan News Agency