politics
China Directs Companies to Disregard U.S. Sanctions on Iranian Oil
China has instructed its companies to ignore U.S. sanctions related to Iranian oil purchases. This directive comes days before an upcoming summit between Chinese and U.S. leaders. A former CIA analyst stated that dependence on U.S. markets has shifted in China's favor.
MA
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Developing·Limited corroboration so far. This page will refresh as more sources emerge.
China has ordered its companies to disregard U.S. sanctions on Iranian oil, according to a report from @MarioNawfal. The order was issued days before a planned summit between Chinese and U.S. leaders.
CIA analyst Larry Johnson stated that the era of U.S. financial dominance in such matters has ended. Johnson noted that China has reduced its reliance on the U.S. market.
The U.S. continues to depend on China for pharmaceuticals, rare earth minerals, and materials used in military production. Johnson added that China does not need any products produced by the U.S., while the reverse is not true.
Transparency
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CorroborationLimited · 1 source
