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2 developments across 1 briefing for this region.
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Resisting U.S. sanctions allows China to continue purchasing discounted Iranian oil while avoiding measures that could weaken a government antagonistic toward Washington.
Assessment development · updated through
Resisting U.S. sanctions allows China to continue purchasing discounted Iranian oil while avoiding measures that could weaken a government antagonistic toward Washington.
Open source reportChronology
That suits Beijing well: it can continue buying cheap Iranian oil, and has little interest in crippling an Iranian regime busy antagonizing the U.S.
Resisting U.S. sanctions allows China to continue purchasing discounted Iranian oil while avoiding measures that could weaken a government antagonistic toward Washington.
Open source reportChina declined to partake. A spokesman for its leaders warned that "economic warfare" won't work, and called for the U.S. and Iran to negotiate a diplomatic solution instead.
A Chinese spokesman warned that “economic warfare” would not work and called for a diplomatic settlement between Washington and Tehran instead of Chinese participation in expanded sanctions.
Open source report