China could be a surprise winner if the US renews sanctions on Iran

REUTERS/Denis Balibouse US President Donald Trump might try to re-impose economic sanctions on Iran. But the US will likely be isolated in this quest, leading Iran to sell its oil in Chinese yuan-denominated contracts. That could help boost the yuan as a major global currency. In a few days, U.S. President Trump may try tore-impose sanctions on Iran, a dramatic step that could heighten tensions between the two countries. Some analysts believe the move could contribute to a much broader global ec...