
Iran Focus
London, 30 Oct – Just days before US sanction on Iran’s oil sector are due to go into effect, China and India – the two biggest importers of Iranian oil – are fighting America’s push to fully stop the flow of Iranian oil, claiming that there are not enough supplies available elsewhere to make up the shortfall.
The US announced these sanctions back in May, when it withdrew from the 2015 nuclear deal, but China remains a party to the deal and has vowed to keep importing the oil, despite American threats to ban Chinese companies from the US financial market. China imports about $1.5 billion worth of oil every month from Iran and may be less concerned about US sanctions because it has the world’s second largest economy and it working with EU partners to bypass the sanctions by not using dollars.


