HK press: US officials push for sanctions on China over oil purchases from Iran
One for the oil folks, and anyone tracking the declining relationship between the US and China.
South China Morning Post with an (overnight) article (ps. its based on a Politico piece the previous day).
- China imported more than a million barrels of crude oil from Iran last month.
- Which is in defiance of sanctions on Iran
Debate in the US admin about what to do about it:
- State Department considered issuing a waiver to China
- National Security Council seems to take a herder line - pushing for the US to impose secondary sanctions on Chinese entities
Of course, this all needs to considered in the context of US-China trade talks and the wider (deteriorating) relationship. If sanctions are imposed, its not a good sign for the trade talks.