China lashes out at US over Iran oil sanctions move

China lashes out at US over Iran oil sanctions move ...
boston25news.com 23/04/2019 Politics

Keywords:#AP, #Beijing, #Boston25news.com, #China, #Donald_Trump, #India, #Iran, #Iranian, #Japan, #Korea, #Middle_East, #President, #South_Korea, #Trump, #Turkey, #US

BEIJING (AP) - Beijing on Tuesday again lashed out at a U.S. 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 U.S. 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 U.S. will also intensify the turmoil in the Middle East and international energy market," Geng said.
"We urge the U.S. to play a constructive role in a responsible manner, instead of the other way around. In addition, we have already made complaints with the U.S. 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 U.S. 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 U.S. 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.
--- ---
...

Read more from Source »

Related articles based on keyword density
Anger in Iran as tough US sanctions kick in ...
aljazeera.com 06/11/2018 Politics
President Rouhani vows to 'proudly bypass' US reimposed sanctions, saying Iran will continue to sell oil. 05 Nov 2018 15:15 GMT *** Thousands took to ...View Details»

Resurrection of Persia ...
dailytimes.com.pk 06/06/2017 Politics
Iran is excelling in three fronts: Religiously, politically and economically. And it is not a faraway when Iran will become the true successor of Pers...View Details»

ISIS: The Spoils of the "Great Loot" in the Middle East - FPIF...
fpif.org 02/07/2014 Politics
Adding yet more warfare to the current crisis in the Middle East will perpetuate exactly what the imperial powers set out to do: tear an entire region...View Details»

IRAN NUCLEAR TALKS STUMBLE, EXTENDED UNTIL JULY ...
hosted.ap.org 24/11/2014 News
BY MATTHEW LEE AND GEORGE JAHN ASSOCIATED PRESS VIENNA (AP) -- Still facing significant differences between the U.S. and Iran, negotiators gave up on...View Details»

Sanctions Have Only Steeled Iran against US, and Given Power to China...
oilprice.com 06/11/2013 Politics
By Economywatch | Mon, 04 November 2013 23:02 Washington sanctions on Iran have undermined the very goals that it would like to achieve. Rather than e...View Details»


EOF