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11th October 2024 | 18:16
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Lonewolf_50
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From:
Texas
Iran and China:
"With Iran, China Holds the Leverage"
Quote:
On Tuesday, Israeli troops moved into Lebanon, and Iran launched another missile attack toward Israel. Amid escalating tensions last week, Beijing
pledged
its support for Tehran. In practice, that is unlikely to mean much: Although the two countries are close, China holds almost all the leverage—and Iran has little ability to drag it into a conflict so far from its
core interests
.
Energy remains the key to the China-Iran relationship. More than
90 percent of Iranian crude oil exports
now go to China, purchased mostly by private refineries operating on the black market; however, as of 2019, Iran was only
China’s sixth-largest
oil supplier. (More recent data is difficult to come by due to
relabeling of Iranian oil
to avoid sanctions.)
In 2021, the two countries signed a 25-year
agreement
in which China promised significant investment in Iran, securing that oil supply as well as Tehran’s implicit agreement not to protest the
repression of Islam
in China or support the
persecuted Uyghur minority
.
This is an excerpt of a longer/larger article in Foreign Policy magazine. In a larger sense, it's hopeful to see that Iran probably can't drag China into action (that might have a military element attached to it).
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