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Wednesday, March 17, 2021

China Can’t Resist Iran’s Cheap Oil — Vanand Meliksetian

 So much for sanctions.

However, time is running out for the Americans. Every day that the economic crisis in Iran continues, the country slowly drifts into the Chinese sphere of influence. The growing energy relations between the countries is a clear sign of changing attitudes. President Biden has an incredibly difficult task: getting Tehran to sign a revised and updated Nuclear Agreement without strengthening Iran too much or driving it into the hands of its strategic rival....
The US has already lost Iran to China, in addition to Russia. Monumental strategic blunders based on US foreign and military policy. "Shooting yourself in the foot" is too kind to characterize it. Add this to the strategic blunders of attacking Iraq and Syria militarily, while being bogged down in Afghanistan. This gone past the rational.

Oilprice
China Can’t Resist Iran’s Cheap Oil
Vanand Meliksetian

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