China buying more Iranian oil. 1) Sanctions against Iran worked when everyone was in on them. Much less leverage now. 2) China also reducing energy purchases from US. Tariffs incentivized closer China-Iran economic ties. 3) Fighting everyone at once is dumb.
Many will work around US secondary sanctions on Iran, just like they did on Cuba. UK, France, Germany already working with their companies on how to do it.
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I think the only way they could even do that is if they are only importing a small amount from Iran--too much will anger Trump and he is very volatile, not like the Presidents with Cuba. China is going to have to keep expanding into oil-rich SCS and Africa, no?
- End of conversation
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