Russia and China Block Iran Sanctions Panel Extension Amid Geopolitical Tensions

Russia and China opposed a US-proposed extension of the Iran sanctions monitoring panel, leading to its rejection with 11 votes in favor, 2 against, and 2 abstentions. Crypto Briefing reported that Russia and China's veto could worsen geopolitical tensions in the Middle East and weaken the implementation of Iran sanctions. The outlet also noted that this move has heightened uncertainty in global energy markets amid ongoing regional conflicts, though specific price or volume changes were not confirmed.