US sanctions over Iran oil will ‘intensify Mideast turmoil’: China

An Iranian tanker docks at the platform of the oil facility on Khark Island in the Arabian Gulf in this March 12, 2017 photo. (AFP)
Updated 24 April 2019

US sanctions over Iran oil will ‘intensify Mideast turmoil’: China

  • Foreign ministry spokesman: US operating outside its jurisdiction in unilaterally imposing the sanctions
  • China is one of Iran’s biggest oil markets

BEIJING: Beijing on Tuesday again lashed out at a US decision to impose sanctions on countries that buy Iranian oil, calling it a violation of China’s interests that will intensify turmoil in the Middle East and international energy markets.

Foreign ministry spokesman Geng Shuang said the US is operating outside its jurisdiction in unilaterally imposing the sanctions. He said normal interactions between Iran and other countries are “reasonable and lawful” and deserving of respect and protection.

“The relevant actions of the US will also intensify the turmoil in the Middle East and international energy market,” Geng said.

“We urge the US to play a constructive role in a responsible manner, instead of the other way around. In addition, we have already made complaints with the US on this matter,” he said.

Geng said China will work to safeguard its companies’ interests, reflecting its desire to secure foreign markets as it pursues its massive “Belt-and-Road” infrastructure initiative.

China is one of Iran’s biggest oil markets and was a strong backer of the agreement to lift sanctions in return for Iran curbing its nuclear weapons program that was scrapped by President Donald Trump.

The Trump administration said Monday that it will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, stepping up pressure on Iran in a move that primarily affects the five remaining major importers.

Along with India and US treaty allies Japan, South Korea and Turkey, China was one of the countries primarily affected by the announcement.

Oil prices soared to their highest level since October on Tuesday.

The sanctions could potentially remove up to 1.2 million barrels of oil per day from international markets, according to industry experts. However, that number will likely be lower, depending on how countries respond and just how much oil Iran continues to export.


US targets five Iranian officials for blocking election candidates

Updated 20 February 2020

US targets five Iranian officials for blocking election candidates

WASHINGTON: The United States on Thursday slapped sanctions on five Iranian officials in charge of vetting candidates for this week's parliamentary elections, in which thousands have been barred from running.
The targeted officials include Ahmad Jannati, a powerful cleric accused of overseeing the disqualification of candidates as part of the Guardian Council. The ultra-conservative also plays a key role in a body that selects the regime's supreme leader.
"The Trump Administration will not tolerate the manipulation of elections to favor the regime's malign agenda, and this action exposes those senior regime officials responsible for preventing the Iranian people from freely choosing their leaders," Treasury Secretary Steven Mnuchin said in a statement.