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

Russian missile strike kills dock worker in Odesa

Northern Cyprus president hospitalized

Fire breaks out at mini refinery in Iran's Lorestan - Video

Fidan: Hormuz Strait dispute could be resolved by weekend

Fidan: Hormuz Strait transit affects multiple parties

Ukraine strikes 18 Russian vessels overnight

Ghalibaf: Iran ready for 'full-scale defence'

Sharif, Pezeshkian discuss regional tensions

US surveillance aircraft spotted over Persian Gulf

Ukraine reports strikes on Russian oil facilities

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