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Iran and China Intend Further Cooperation

OIL

China intends to “steadily advance practical co-operation in many fields” with Iran according to its top diplomat indicating relations between the nations remain on good ground despite raising escalations with Israel.

  • China’s Foreign Minister Wang Yi spoke to his Iranian counterpart Hossein Amirabdollahian in a phone call on Monday.
  • Wang also said China noted Iran’s position that its military action was “limited” and the country was “exercising its right of self-defense.”
  • China remains Ian’s top destination for its sanctioned oil. The US had said in recent weeks that it would increase pressure on China to stop buying Iranian oil.
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