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US to Boost Pressure on China to Stop Importing Iran Oil, Envoy Says

From bnnbloomberg.ca

The Biden administration’s top Iran envoy said it will increase pressure on China to cease imports of Iranian oil as the US tries to enforce nuclear sanctions. “China is the main destination of illicit exports by Iran,” and talks to dissuade Beijing from the purchases are “going to be intensified,” US Special Envoy for Iran Robert Malley said in a Bloomberg Television interview Monday. The US reimposed sanctions on the Islamic Republic and its petroleum exports in 2018 after pulling out of an agreement aimed at containing its nuclear program. In response, Tehran has ramped up uranium enrichment activities and ... (full story)

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  • Category: Fundamental Analysis