How America's 'maximum pressure' on Iran made China a winner

On 27 March, China and Iran signed a vague 25-year pact which was first touted in 2016. Under this historic deal, Iran will steadily export heavily discounted oil to China. In exchange, Beijing has committed to investing roughly $400 billion in various sectors of Iran’s economy such as healthcare, banking, railways, information technology, ports, and telecommunications. Iran’s Tasnim News Agency hailed this cooperation agreement as a triumph against “Westernists” and a major achievement for Tehran’s “Look East” foreign policy agenda. Shortly after signing the deal, Iran’s Foreign Minister Moha…

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