"Biden's Dilemma: Balancing Retaliation Against Iran Without Antagonizing China"

President Biden's administration is considering imposing economic sanctions on Iran in response to its attack on Israel, but faces limited options without antagonizing China or causing a spike in oil prices. One option is to expand sanctions on Chinese firms buying Iranian oil, but this could strain US-China relations and lead to higher global oil prices. The US and European allies are discussing potential responses, including tightening Iran's access to frozen funds and imposing additional sanctions on Iranian officials and businesses. However, experts note that Iran is already heavily sanctioned, leaving little room for further action.