China, the world’s largest importer of Iranian oil, is preparing for the United States to enforce sanctions reimposed on Tehran, and has shifted crude-oil cargoes to Iranian tankers, according to a report from Reuters on Monday.
The oil that will now be shipped by National Iranian Tanker Company (NITC) represents nearly all of China’s crude-oil imports from the country. The Donald Trump administration has warned that it is prepared to slap sanctions on China should it refuse to cut shipments.
According to data from Thompson Reuters Eikon, all shipments of Iranian oil to China were carried by NITC in July, and the imports grew from the month before to 23.8 million barrels a day from 19.8 million.
The US has set a November deadline to comply with the demand, prompting other large importers, including India, Japan and South Korea, to negotiate with Washington.
China has said repeatedly that it will not commit to reducing crude-oil imports from Iran and is opposed to unilateral sanctions.
India is reportedly in talks to be granted a waiver from the ban on importing Iranian oil in exchange for cutting its purchases by 50%.
What IF it was China or Russia or any signatory countries withdrew from the Iranian nuclear deal, instead of the United States? Goodness, I personally would hate to even contemplate on the backlash and repercussion from the world community. But America is immune from it all because America really believe its shit don’t stink. The world community, especially India and China should band together to resisit American’s policy in Asia. Remember, Asia belongs to Asians. And do not curtail Iranian oil. I am so glad and proud of China’s move that it not only not curtailling oil from Iran but has increase buying Iranian oil. BRAVO!
Any one who thinks having a good relationship with China as opposed to the United States,is not having their countries interest at heart.They should also have their head exmined. The two examples we can see is Sri Lanka and pakistan.whose country is now reduced to beggers States.Treated as a province of China.Then you have the example of Philippines thanks to the dictator like Dutate, Philippines are a province of China.Guyana got the Chinese to build their jw Marriott, the chinese brought everything from China,even the workers, the Guyanese government was voted out.
May you rest in peace
It is good that China can stand on its own. This will reduce the US hegemony. China does not need assistance from the US in any thing.
The truth is that, the US has so much oil that it can survive without importing from any country. So if you go by their sanctions you will starve your industries of much needed energy. In the meantime, US industries will be triiving and the US economy will be outpacing the rest.
So I support China in this decision. China is not assisting Iran to build warheads but they are assisting the Iranian people to get very essential goods for survival. This is what levelheaded nations should understand.
Unilateral sanction by usa. Not UN.
Here is main problem of hegemony among the Global Powers. A few months ago, India denied to obey American ban on Iran as India needs oil at low cost. In this case China did it. As both the countries r now Economic powers over the Globe. China & India stand 2nd and 6th Economic power by Nominal GDP , on the contrary as per PPP China & India stand 1st and 3rd. India will be standing at 3rd position as Economic power in Real GDP by 2025. The USA can’t tolerate either China or India in this regard. For more information China and India r the 1st & 2nd oil consumer country globally. They r well concerned about the shortage of Energy in both the countries. They r also concerned ,without energy no country will advance their economic growth. India, in a statement cites the ban on Iran imposed by the USA itself , not by the UN sanction. As a result India will not follow the sanction , imposed by the USA. China is on the same way . I think it’s a r8 decision decided by China.
US is playing a shrewd game to stop or,at least slow down the emergence of China and India as superior economic power. In case of China, it is already out of reach of the US. US is struck by panic. India might listen to some sooth saying for some more time. But the die is cast. The next generation will witness the relegation of the US as an economic power.
Of course China is taking care of Iran and I knew even Russia is ready to help out Iran in their trouble times . Of course only US and Israelis are make all these noise . Now I must say China is helping there neighbouring countries . Infrastructure wise China is not holding back . Trump is fully nuts and Israel is waiting for the right moment too . Can you trust a Cobra Snake ?
Sri Lankan problem is a different one. When the new government came to power they stopped all the development projects in the country which previous government started. The entire economy came to a standstill. Flow of money stopped from top to bottom. This went almost an year and they started those projects again with higher rates.
To please the ppl they reduced petrol prices by 1/3. On top of this they promised to increase government sector salaries by Rs 10000.00 for each person. This was too much for a small economy to handle. After almost 3 years they hv increased the fuel prices but the damage has bn done. Current gov has taken more loans in 3year than what China investmented with previous gov in Sri Lanka for 10 years. This is an internal issue. Don’t blame China for that. Hambanthota harbor was a 1.4 billion project. Previous gov already had payed 500 million. We didn’t hv to give it on lease. But gov was struggling to pay salaries to government sector. IMF was putting conditions. They had no other option.
Absolutely right.