pakistan
China rejects US sanctions on refineries over Iran oil trade links
Key takeaways
- Add ARY News on Google BEIJING: China will not comply with US sanctions against five refineries targeted by the US for allegedly purchasing Iranian oil, Beijing’s commerce ministry said.
- China is a key customer for Iranian oil, mainly through independent refineries that rely on discounted crude from the Islamic republic.
- The United States, seeking to choke off revenue to Tehran, has ramped up sanctions on such refineries.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google BEIJING: China will not comply with US sanctions against five refineries targeted by the US for allegedly purchasing Iranian oil, Beijing’s commerce ministry said.
China is a key customer for Iranian oil, mainly through independent refineries that rely on discounted crude from the Islamic republic.
The United States, seeking to choke off revenue to Tehran, has ramped up sanctions on such refineries.
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