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Will the U.S. Impose Sanctions on China over Iranian Oil?

(New York Times) Edward Wong and Clifford Krauss - U.S. moves on Monday to isolate Tehran economically and undercut its power across the Middle East has complicated relations with China at a particularly sensitive moment. Of Tehran's one million barrels of oil exports daily, half go to China. By retracting its oil exemptions, the U.S. is encroaching on China's energy security even as Washington is trying to strike a trade deal with Beijing. "China consistently opposes U.S. unilateral sanctions," said Geng Shuang, a Chinese Foreign Ministry spokesman. Yet any move by Beijing to keep buying Iranian oil - which analysts predicted China almost certainly will find some way to do - would force the U.S. to decide whether to impose sanctions on Chinese financial institutions.
2019-04-23 00:00:00
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