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Lifting US sanctions on Iran could crush China’s 'teapot' oil refineries

EPISODE · May 22, 2025 · 1 MIN

Lifting US sanctions on Iran could crush China’s 'teapot' oil refineries

from Daily SumUp

Under a draft of the 25-year agreement (signed on 24 June 2020 in Beijing) previously obtained by The New York Times, China is to invest US$400 billion in Iran's economy over that time period in exchange for a steady and heavily-discounted supply of oil from Iran. Hosted on Acast. See acast.com/privacy for more information.

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Lifting US sanctions on Iran could crush China’s 'teapot' oil refineries

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