On Tuesday, China has warned that the decision of the United States to impose sanctions on purchasers of crude oil will “intensify turmoil” in the Middle East and in International Energy Market.
On Monday, the White House has announced that it has called for an end to 6-month waivers, which had exempted several nations – including major importer China – from unilateral US Sanctions on crude oil exports.
A spokesman of Foreign Minister, Geng Shuang said at a regular press release that “China firmly opposes the US implementation of unilateral sanctions and its so-called long-armed jurisdiction.”
He continued that “the relevant move by the United States will intensify the turmoil in the Middle East and the turmoil in the international energy market.”
With the motive to reduce Iranian oil exports to zero, US President Donald Trump’s administration is targeting the nation’s top revenue earner in its latest move to destroy the economy and scale back the influence of the clerical regime.