China has reportedly decided against submitting to pressure from the US not to import Iranian oil after President Trump refused to extend waivers on sanctions against purchasers of Iranian oil. If true, this could cause a rise in tensions between the US and China. Iran is an important energy partner for China, as well as an investor in Middle East. The Trump Administration has pledged sanctions against any country which remains a purchaser of Iranian oil after 2 May. Countries currently subject to a sanctions waiver include Japan, China, India, South Korea, Taiwan, Italy, Greece and Turkey.
China has reportedly decided against submitting to pressure from the US not to import Iranian oil after President Trump refused to extend waivers on sanctions against purchasers of Iranian oil. If true, this could cause a rise in tensions between the US and China. Iran is an important energy partner for China, as well as an investor in the Belt and Road Initiative. The Trump Administration has pledged sanctions against any country which remains a purchaser of Iranian oil after 2 May. Countries currently subject to a sanctions waiver include Japan, China, India, South Korea, Taiwan, Italy, Greece and Turkey.