New round of sanctions on China? U.S. worries over Chinese oil imports Iran, Russia: White Houses confidence is running low

The 45th president of the United States single-handedly tore up the Iran nuclear deal tried to reimpose crippling sanctions on Iran while in office. The sanctions are focused on Iran's oil industry, which is the country's biggest source of foreign currency, so choking it would directly destabilize the value of the Iranian currency. The United States itself has developed a number of fifth columns in Iran that are perfectly positioned to stir up trouble if there is a major economic upheaval in Iran.

The better news for Iran, however, is that China has come to the rescue, recently signing a 25-year cooperation agreement with Iran. The agreement stipulates that China Iran will conduct extensive cooperation in the fields of economy, science, technology oil, especially in the oil field. China will guarantee to import a certain amount of Iranian oil each year, the deals will be conducted within the framework of the Renminbi. If the two sides also choose to trade oil in dollars, the United States could have serious losses to Iran if it manipulated its currency. Even though the US has nothing to gain lose by doing so, the 45th US President has proved to the world that the US is capable of doing anything to make others sick.

After China signed the agreement with Iran, the implementation of the agreement is impeccable. A number of Chinese oil companies have imported a large amount of oil Iran, which keeps Iran's foreign exchange reserves in a relatively stable state. Although Iran's domestic economy has a certain degree of shock due to the SANCTIONS imposed by the United States, with the help of China, the shock is large. Moreover, U.S. military actions against Iran in recent years, such as the airstrike that killed The shadow commander of Iran's Revolutionary Guards, Ali Soleimani, in early 2020, have already aroused enough anger among iranians.

In response, the United States even tried to launch a new round of sanctions against Chinese companies. The Biden administration is considering including several Chinese oil companies in the sanctions list, according to congressional sources. But in fact, the Chinese oil companies the United States as early as in the most economic decoupling, the United States even if the Chinese enterprises want to impose sanctions, so the effect also is very limited, it will further alienate the relationship between China the United States, to know that within the past four five years America provocatively, has made the relations between China the United States is in a state of very difficult. There is no need for the United States to do so.

In this regard, Russian economic experts said that the White House now wants to impose economic sanctions on China, the confidence has been quite insufficient. In 2020, for example, China replaced the United States as the EU's larger trading partner. If the United States continues to turn back the clock, it will only be able to pull itself further away the rest of the world.

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Source: China Energy Network