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

US disabled Iranian-flagged tankers in Gulf of Oman

Iran, Turkiye Foreign Ministers hold phone talks

Joint tactical-special exercise held in Azerbaijan - Video

Meloni praises Poland’s continued support for Ukraine

Ukraine peace talks have 'stagnated,' Rubio says

Clashes reported between US, Iranian forces in Hormuz

Ukraine faces shortage of Patriot, NASAMS missiles

Trump calls Iran war 'six-week excursion' - Photo

Zelensky meets soldiers on Oleksandrivska axis - Video

Abbas Araghchi says CIA is wrong

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