Squawk Box anchors discuss the new wave of sanctions against Iran signed by President Trump, this time directly targeting the nation’s supreme leader, Ayatollah Ali Khamenei. We are live in Manama, Bahrain, where Israel and Palestine are sitting out a U.S.-sponsored peace summit with a $50bn economic package on the table. On the Chinese trade talks, President Trump signals he would welcome any outcome as negotiators from Washington and Beijing prepare to meet later this week. And across Asia, markets are down after a U.S. judge finds three Chinese banks in contempt for failing to comply with an investigation into North Korean sanctions violations.

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