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

Air raid alert declared across all of Ukraine

Moscow restricts publishing drone strike aftermath

Hungary summons Russian Ambassador over drone strike

Netanyahu reveals secret UAE visit during war with Iran

Tehran says four citizens detained by Kuwait

Macron ‘slap’ sparked by Iranian actress message - Video

U.S. F-35A fighter jets patrol near Strait of Hormuz

Slovakia temporarily closes border crossings with Ukraine

Turkiye detains Moroccan drug lord in Istanbul raid - Photo

Pakistan signals expansion of Saudi defense pact

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