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

Northern Cyprus president meets Greek Cypriot leader

4.4-magnitude earthquake hits Osmaniye

Two Syrian army soldiers killed in clashes with SDF

Trump and Ronaldo play football at White House - Video

Any Ukraine peace plan needs Kyiv and Europe

Ukraine opens online condolence book for Ternopil victims

Poland to deploy 10,000 troops to defend against Russia

Power blackout briefly hits parts of Paris

Trump says US will work to end war in Sudan

US clears $93 mln sale of anti-tank missile system to India

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