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Cnbc is top business website and most reliable.Cnbc is American lackey website. Not reliable. Fancy u post such link.
China matters don't need an western or foreigner to tell.
Iran is isolated Now.
Unless Chinese oil producers want to be sanctioned by the United States they will stop importing Iranian oil. The last thing Sinopec wants is sanctions by the United States. And I frankly don't think Iran is as valuable of a trading partner to China as far as to risk sanctions on its largest oil companies.Sinopec won't be importing Iranian oil.
Now "Cinopek" will be all the Iranian oil.
https://www.reuters.com/article/us-...s-for-may-to-avoid-us-sanctions-idUSKCN1SG0ERThe cost to ship oil from venzuela to China is too costly. Venezuela oil share is not able to replace Iran. China will continue to buy oil from Iran. GCC with US lackey from Saudi,UAE are not reliable partner for China of oil supplier. They have yet to accept rmb as payment for oil more or less shows where are they heading. Do not trust these media clown. The reduction is due to over surge of import from April and once supply dries up, the import will resume.
Sinopec don't need US bank for survival. They are sanction proof. If not , how do Chinese arm dealer like NORINCO and poly tech to survive and even doing well in worldwide arm deals?Unless Chinese oil producers want to be sanctioned by the United States they will stop importing Iranian oil. The last thing Sinopec wants is sanctions by the United States. And I frankly don't think Iran is as valuable of a trading partner to China as far as to risk sanctions on its largest oil companies.
https://www.reuters.com/article/us-...s-for-may-to-avoid-us-sanctions-idUSKCN1SG0ER
Can you predict America will or not start military attack on Iran?
See the reply , Indian troll? As I say post fake news don't make u a genuis.
China continue to import oil from Iran and not only that. China will be the hub selling all Iranian oil. We buy Iranian oil at steep discount and then sell at market price to other buyers. While US can't sanction Sinopec becos we do business using rmb and Chinese bank.
While Indian will always continue be the lackey of US and buy Iranian oil at market price from China.
https://oilprice.com/Energy/Crude-Oil/China-Set-To-Defy-US-Sanctions-On-Iran.html
China Set To Defy U.S. Sanctions On Iran
By Tim Daiss - May 06, 2019, 3:00 PM CDT
Lol.. most of China goods import into US are essential goods. They are not Prada or LV bag. If they don't buy from China. Where can they buy from? Walmart and Amazon needs China supplier.Then there will be another set of tariff on 250 bilion trade with US.
It seems China dont have much choice
Lol.. most of China goods import into US are essential goods. They are not Prada or LV bag. If they don't buy from China. Where can they buy from? Walmart and Amazon needs China supplier.
Don't tell me India or Vietnam. Rome is not build in a day. As if you can switch a billion dollar supplier in just few days or few weeks time.
We shall wait and see. If Sinopec keeps importing Iranian oil, then you are right. If not, then you are wrong. Time will tell.Sinopec don't need US bank for survival. They are sanction proof. If not , how do Chinese arm dealer like NORINCO and poly tech to survive and even doing well in worldwide arm deals?
All indications are it may. It has brought Bombers and F15s to bases in ME for a purpose.
Even if it may not launch a full blown attack, it may get involved in few skirmishes to put pressure on Iran, for Iran to make a mistake, giving chance to the USA to launch full scale attacks.
B52 is already in US base in Qatar as per media reports .
Afghan ,Iraq and IS war is finished sobnow they are searching new lands.