China signals plan to flout US sanctions on Iranian oil


(Worthy News) – China signaled an intention to defy U.S. sanctions on Iran’s oil industry on Tuesday, denouncing the loss of a waiver renewal as an unacceptable threat against “normal energy cooperation” with Tehran.

“The normal energy cooperation under the international law between Iran and other members of the international community, China included, is legitimate and lawful; thus it must be respected and protected,” Chinese Foreign Ministry spokesman Geng Shuang told reporters.

President Trump moved to tighten the squeeze on Iran on Monday by announcing the administration would not renew any waivers from sanctions that punish purchasers of Iranian oil. That decision puts China, Iran’s largest oil customer and a current beneficiary of U.S. waivers, in the crosshairs of the administration’s pressure campaign. [ Source: Washington Examiner (Read More…) ]

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