Wednesday's sanctions followed new US sanctions on Iran's oil sales to China. 'The United States cannot allow Iran to develop intercontinental ballistic missiles,' US Treasury Secretary Scott Bessent said in a statement.

China paused its April 4 unreliable entities list measure on 11 U.S. entities for 90 days starting on Wednesday. It also paused a similar measure imposed on six U.S. entities on April 9, but without specifying the duration of the pause.