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US officials push for sanctions on China over oil purchases from Iran

From scmp.com

This story is published in a content partnership with POLITICO. It was originally reported by Eliana Johnson on politico.com on July 11, 2019. Senior administration officials now agree that China defied US sanctions when it imported more than a million barrels of crude oil from Iran last month. But they are grappling with whether – and how – to hit back, according to three US officials. The US State Department had considered issuing a waiver allowing Chinese companies to receive Iranian oil as payment in kind for their investment in an Iranian oilfield, but that idea has been abandoned. China hawks on the National ... (full story)

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  • Category: Fundamental Analysis