Will China Abandon Iran For US Relations?
China and Iran have become a bit buddy-buddy over the years. China being a large buyer of Iranian oil and Iran being a supporter of Belt and Road Initiatives, the same that the Chinese are building military bases in the Middle East, Pakistan, and western Pacific. Although China has publically opposed these sanctions against Iran, they very well may comply as to not jeopardize important trade talks between China and the US. These trade talks are said to be in their final stages and the outcome is unknown, if they fall through though, it is possible China will continue to stick with Iran, but the possibility of China abandoning Iran is a bit interesting. What outcome for the world would that cause? Even Turkey and India have been silent on this issue. VOA News reported the following:
A six-month grace period granted by the United States for China, Turkey, India and five other governments to reduce their Iranian oil imports to zero expired Wednesday. In an April 22 statement, U.S. Secretary of State Mike Pompeo said no nation would receive any further exemptions or waivers from U.S. sanctions imposed on Iran’s oil industry last November. The sanctions are part of a U.S. bid to pressure Iran into negotiating a new deal to end its alleged nuclear weapons program and other malign behaviors.
Iran has said its nuclear program is peaceful and it intends to keep exporting oil, its main revenue source, in defiance of the U.S. sanctions.
Washington has been encouraging Iran’s oil customers to switch to other major oil producers such as Gulf Arab nations that have pledged to keep energy markets appropriately supplied. Pompeo also has said the United States will enforce its unilateral ban on Iran’s oil trade and warned that paying Iran for its crude entails “risks” that will “not … be worth the benefits,” a reference to the possibility of purchasers facing U.S. secondary sanctions.
Al Jazeera also reported the following video.
What are your thoughts? Please leave your comments in the replies section below.
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This article was written by @cifer44
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