Iran Defies UN Sanctions, Vows Continued Oil Exports to China

Iran appears unfazed by the prospect of UN snapback sanctions coming into effect this weekend, saying that it will continue to sell its oil to its biggest and nearly only buyer, China.  The biggest European powers which are party to the so-called Iranian nuclear agreement of 2015, or the Joint Comprehensive Plan of Action (JCPOA) as it is officially known, launched in late August a 30-day process that would reinstate UN sanctions on Iran on September 27, if no deal is reached in the meantime.  The 2015 JCPOA agreement contained a provision—known…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com