UP

Iran ensnared in Chinese ‘Colonial Trap’

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

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

Young Bosnian arrested in Germany over ‘terror’ plot

Death toll surpasses 100, at least 160 missing in Texas

Trump says he's 'not happy' with Putin

Trump: US-China trade relations improving

Ukraine to reshuffle key ambassadors

Trump: Ukraine conflict tougher than expected

US resumes defensive arms supplies to Ukraine – Trump

Netanyahu and Trump will hold meeting again tonight

Forest fire erupts in Turkiye

US projects $300B in tariff revenue

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