UP

Iran ensnared in Chinese ‘Colonial Trap’

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Iran ensnared in Chinese ‘Colonial Trap’

Iran relies heavily on China for its oil exports, with over 92% of its crude going to the country, often at steep discounts of around 30%.

Axar.az reports that a senior Iranian trade official, Hojatollah Mirzaei, criticized this dependence, calling it a "colonial trap" imposed by U.S. sanctions.

He highlighted that the logistical costs of evading sanctions significantly inflate Iran’s economic burdens, consuming more than half the value of each barrel. Additionally, China dictates transaction terms, sometimes tying payments to purchases of Chinese products like electric buses.

This reliance reflects the strain sanctions have placed on Tehran, forcing it into costly covert operations using "ghost fleets" to transport oil.

Date
2024.11.28 / 14:36
Author
Axar.az
See also

Iran expands target list to include Musk interests

Iran fortifies Kharg Island against US threat

Ukrainian military losses updated on 1,569th day of war

Trump says US tried arming Iranian opposition

Syrskyi: Ukraine has drone advantage over Russia

Russia restricts imports of quarantine goods from Armenia

Russia captures two more settlements in Ukraine

Armenia to send aid to Lebanon via Turkiye

Trump says U.S. will seize Iran’s Kharg Island

Vucic says he plans to resign

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla