header banner
WORLD

China lodges representations with U.S. over end to Iran sanction waivers

BEIJING, April 23: China’s Ministry of Foreign Affairs said on Tuesday it has lodged representations with the United...
By

BEIJING, April 23: China’s Ministry of Foreign Affairs said on Tuesday it has lodged representations with the United States over its decision to end waivers on sanctions on Iranian oil imports.


China is Iran’s largest crude oil customer, with total imports last year of 29.27 million tonnes, or about 585,400 barrels a day, roughly 6 percent of China’s total oil imports, according to customs data. 


Related story

U.S. says countries buying Iranian oil will be subject to sanct...


“The decision from the U.S. will contribute to volatility in the Middle East and in the international energy market,” Geng Shuang, a ministry spokesman, told a news briefing.


Washington has announced that all Iran sanction waivers will end by May, causing crude oil prices to rise and pressuring importers to cut their Iranian imports to zero.

Related Stories
ECONOMY

Govt introduces a number of waivers and relief mea...

OPINION

The specter of war

WORLD

Attack on Iran’s Natanz plant muddies US, Iran nuk...

WORLD

Japan to suspend Iran oil imports over US pressure

ECONOMY

ACAP allowing lodges on Annapurna BC trail to add...