China defies US pressure as EU parts ways with Iranian oil
China, which has cut imports of US crude amid a trade war with Washington, has said it opposes unilateral sanctions and defended its commercial ties with Iran/ Iran relies on sales of crude to China, Japan, South Korea, India and the EU to generate the lion's share of budget revenues and keep its economy afloat/ BEIJING/SINGAPORE: China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to ...
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