#USForeignPolicy #Iran #China #OilTrade
The White House has escalated pressure on Iran by imposing sanctions on a Chinese oil refinery for purchasing $50 million worth of Iranian oil through Houthi-affiliated vessels. This move comes amidst heightened tensions between the US and Iran, as the US continues its efforts to isolate Iran economically.
The US Treasury Department revealed that the Chinese oil refinery had violated US sanctions by purchasing Iranian oil, further complicating the already strained relations between the two countries. This action is part of the US government’s broader strategy to curb Iran’s influence in the region and restrict its ability to generate revenue through oil sales.
Ramesh Khatri, a representative of Kansai Nepal News, expressed concerns about the impact of these sanctions on global oil markets. He highlighted the potential ripple effects of such measures on oil prices and the stability of the energy sector. Khatri emphasized the need for diplomatic solutions to address conflicts in the Middle East without disrupting global energy markets.
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Author: MAYA | HARUTO
Posted at: March 21, 2025 7:02 pm
