China’s blocking of ...
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Ultimately, while China’s move—coming after its veto of a resolution proposed by Bahrain and Saudi Arabia—can be viewed as an example of Tehran–Beijing strategic relations, it should not be overlooked that China’s approach to Iran is not rooted in an “alliance-based” framework. Rather, it is largely shaped by Beijing’s broader policy of “risk management.” In pursuing this approach, China has managed to secure cost-effective energy flows from Iran, maintain stability in its energy sector, preserve its leverage in West Asia, and build up a bargaining chip ahead of negotiations with Washington, which remains entangled in the Persian Gulf’s complexities.
Overall, Beijing’s move can be seen as both a symbol and a component of a “new economic-legal Cold War” between major power centers in the international system—one in which emerging powers are actively working to erode the dominance of unilateral US sanctions. On this basis, the anticipated Trump–Xi meeting is likely to play out as a stage for power bargaining over these tensions and the emerging order shaped by developments in West Asia.