US plan to end Iran oil waivers to intensify Mideast turmoil: China
Beijing has once again expressed its opposition to Washington’s decision to end sanctions waivers it had granted to some importers of Iranian oil, including China, warning that the policy will fuel “turmoil” in the troubled Middle East region and disrupt global energy markets.
“China firmly opposes the US implementation of unilateral sanctions and its so-called long-armed jurisdiction,” Foreign Ministry spokesman Geng Shuang told reporters on Tuesday.
In a statement issued on Monday, the White House said US President Donald Trump has decided not to reissue waivers that allow eight countries to buy Iranian oil without facing US sanctions when they expire in May.
Shuang said the move will “intensify the turmoil in the Middle East and the turmoil in the international energy market.”
The Chinese diplomat said that normal interactions between Iran and other countries are “reasonable and lawful” and deserve respect and protection.
Describing the move as a violation of the Asian country’s interests, Shuang said China, a major importer of Iranian crude, would continue efforts to safeguard its companies’ interests.
Iran has said it considers no value and credit for the US sanctions waivers and is in touch with its foreign partners, including Europeans and neighbors, to counter any adverse consequences of the US bans, which were reimposed last year after Washington abandoned the 2015 multilateral nuclear deal.
The latest US measure against Iran has sent oil prices to new highs.
World oil prices jumped to near six-month highs on Tuesday. Brent crude oil futures rose 0.7 percent to $74.57 per barrel by 0630 GMT, their highest since November last year.
Read more:
- 'Iran may close Hormuz Strait if not able to use it'
- US ‘going too far’ in pushing states to buy oil from its
Iran FM: Response to Israeli aggression 'inevitable'
Iran's president offers condolences to Pakistan over terrorist attack
Pezeshkian to US, Europeans: You are killing women, children
VIDEO | Press TV's news headlines
Iran FM: Response to Israeli aggression 'inevitable'
VIDEO | Iran eases the rules for exporting hand-woven carpets
VIDEO | Intl. Day for the Elimination of Violence against Women: A stark reminder of Gaza women
Australia denies ex-Israeli minister Shaked visa
VIDEO | 85% of Yemeni displaced people face daily hunger crisis
US House passes bill targeting charities and pro-Palestine groups
VIDEO | Supporting Gaza genocide
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
