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After U.S. Treasury Secretary visited Beijing seeking support
For U.S. sanctions of Iran and was refused by Beijing,
The U.S. then sanctioned a Chinese state-owned energy trading
company.
Prior to this, Iran warned if its oil exports were embargoed,
they would blockade the important oil transportation channel,
Which is the Strait of Hormuz. Currently, 3 U.S. aircraft
carriers battle group are gathering in the Persian Gulf.
The situation of Iran is likely to be war.
U.S. Treasury Secretary Timothy Geithner recently visited
Asia, seeking support of U.S. new oil sanction of Iran.
And strengthening the pressure on Iran to abandon its nuclear
weapons program.
On January 11, Geithner visited Beijing, urging China to reduce
Iranian oil imports. But the Communist Party refused.
Beijing is the key for Washington to pressure Iran, which is
OPEC's second largest oil producer.
Its crude oil production is about 3.5 million barrels per day,
second largest after Saudi Arabia.
One-third of Iran's oil exports are sold to China, accounting for
11% of China's total oil imports.
The CCP required Iran to stop uranium enrichment in the
United Nations Security Council resolution.
However Beijing also opposes U.S. unilateral sanctions against
Iran, hoping the sanctions will not affect China's interests.
Xia Ming, political science professor from "City University of
New York", said:
That Beijing's opposition of U.S. sanctions to Iran includes
deeper strategic considerations.
Xia Ming: "It's apparent that China is reluctant to help U.S.,
as China and Iran have an important strategic relationship.
For they are facing a common enemy, which is the U.S.
China has been actively seeking international energy over the
past 10 or so years; it wanted more bases of energy suppliers."
After the U.S. Treasury Secretary's visit was fruitless,
U.S. State Department announced sanctions on China's
"Zhuhai Zhen Rong Company on January 12th",
alleging this company is Iran's largest oil trader.
There were also sanctions applied to two other companies in
Singapore and the UAE.
The EU has reached a consensus in principle of banning the
import of Iranian oil.
South Korea and Japan intends to reduce their imports of
Iranian oil.
However, the Japanese prime minister told the U.S. Treasury
Secretary that he was worried about U.S. sanctions against Iran.
He feared the sanctions would affect the Japanese people and
the global economy.
In the past month, China's oil companies reduced purchases of
Iranian crude oil because of price disputes.
"Voice of America" quoted analysts saying China may become
the largest beneficiary of U.S. and European sanctions against
Iran, by enabling them to obtain price concessions.
On January 11th, an Iranian scientist working in Iran's nuclear
facilities in Tehran, was killed with a car bomb.
Iran accused U.S. and Israel as the driving forces behind the
attack. But U.S. denied it.
Iran recently threatened that if the West embargoed its oil, they
will blockade the Hormuz Strait.
This is the important oil transportation channel which carries
nearly 40% of the world's oil shipping.
Iran has recently held a large-scale naval exercise, and test-
fired three cruise missiles.
U.S. warned that the U.S. will not tolerate Iran's blockade of
the Strait of Hormuz.
U.S Department of Defense made the rare announcement that
three aircraft carrier battle groups will gather in Persian Gulf.
Navy deployment is also from the three countries of Britain,
France and Canada.
Russian National Security Council Secretary-General warned
that the U.S. may "really possibly" attack Iran.
On January 11th, Russian Foreign Ministry said Russia opposes
the oil sanctions against Iran.
CCP Foreign Ministry said that it opposes any military actions
against Iran.
Russian aircraft carrier went into the Mediterranean and carried
out a large-scale military exercise at the beginning of the year.
On January 12th, former senior CIA official Philip Giraldi
published an article presuming hostilities between U.S. and Iran.
He claimed that it will eventually lead to World War III.
Xia Ming: "If Iran cuts off the Strait of Hormuz, the international
oil lifeline, I think the U.S. would certainly use military force.
They have to protect the free flow of the Strait transportation.
If Iran does not take action, there is little likelihood of force."
With the escalation of crisis between Iran and U.S. some
French market analysts reported on this;
If the U.S. and Europe embargoed Iran's oil, the crude oil price
would go up to $ 150 from the current $ 114 a barrel.
If Iran blockades the Strait of Hormuz in revenge, oil price
could rise to $ 200 a barrel.
NTD reporters Chang Chun, Li Yuanhan and Zhou Tian.
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US to Occupy Persian Gulf Iran is a sitting duck .we may be at WAR!by habbocheater1005,713 views
Good on China for sticking it up these fuckin bulling arseholes who condone all the Israeli terrorist mossad passport thieves.Now they are trying to blame Iran for bomb blast in Thailand?, won't belong before america will be renamed Amisreal
hemi9162 2 weeks ago