“China’s leading diplomat underlined his country’s readiness to expand cooperation with Iran in financing, energy, banking and cultural sectors despite” the US sanctions. – Tehran Times, January 15, 2022.
The agreement grants China significant rights over the Iran’s resources and help to Iran in increasing its oil and gas production. Leaked information showed that one of its terms is that China will be investing nearly $400 billion in Iran’s oil, gas and petrochemicals industries. In return, China will get priority to bid on any new project in Iran that is linked to these sectors. China will also be able to pay in any currency it chooses.
The partnership is not only going to assist the Iranian regime to skirt US sanctions, it also enables Iran to gain access to funds, empower its militia and terror groups in the region and continue advancing its nuclear weapons program.
The agreement between China and Iran, defying and challenging the US, also has a military dimension. Iran’s armed forces are currently holding a joint naval exercise with China and Russia. Iran, posing a threat to the region and the United States, will also, in all probability, step up its acquisition of advanced weaponry and nuclear technology from China.
As the largest importer of Iranian oil, China will also have authority over Iran’s islands, gain access to the oil at a highly discounted rate and increase its influence and presence in almost every sector of Iranian industry, including telecommunications, energy, ports, railways, and banking.
The real horror, as China and Iran’s military and strategic partnership intensifies, is that the Biden administration’s reluctance to take a firm stand against the mullahs and Beijing — as with Afghanistan and now Ukraine — can only have incalculably severe repercussions for the national […]
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