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

Mexican Mayor shot dead in Oaxaca state

Protest held outside Iran’s Foreign Ministry in Tehran - Video

US–Iran deal could be political blow to Netanyahu

Pentagon releases third batch of UFO files - Video

Trump: US-Iran deal to be signed Sunday

London hosts King Charles birthday parade

UAE to unlock billions of dollars for Iran

Deadly collision in Russia leaves 21 injured

IDF hit over 70 Hezbollah targets in Lebanon

Trump shares Sharif’s US-Iran deal claim

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