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World News@lemmy.mlEnglish · 17 days ago

China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions

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China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions

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World News@lemmy.mlEnglish · 17 days ago

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cross-posted to:
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China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions | OilPrice.com

China has formalized a barter system with Iran, trading infrastructure projects for crude oil to secure supply while skirting—though not escaping—U.S. sanctions.

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