China pulls out of Iran energy project amid pressure from U.S.

By on    China, Exclusives, Iran, Latest From Geostrategy-Direct, Mideast, NE Asia, Top Stories, Top Story, Washington, World Links, World News, World Tribune  

China pulls out of Iran energy project amid pressure from U.S.

Geostrategy-Direct.com China has withdrawn from a $5 billion deal to help develop Iran’s massive South Pars natural gas field. The action, announced by Iranian Oil Minister Bijan Zanganeh on the ministry’s SHANA website, came during continued intense pressure on both nations from the Trump administration and follows a series of military confrontations in the Persian […]

In bow to Trump, China instructs state-owned firms to stop buying Iran’s oil

By on    Americas, China, Exclusives, NE Asia, Rest of The Best, Top Stories, Washington, World Links, World Tribune  

In bow to Trump, China instructs state-owned firms to stop buying Iran’s oil

by WorldTribune Staff, October 26, 2018 In a major victory for U.S. President Donald Trump, China has instructed its export-finance bank and largest state-run oil refineries to cease purchasing Iranian oil. Reuters quoted Chinese officials as saying they feared running afoul of U.S. sanctions which kick in on Nov. 4, adding that it was uncertain […]