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Thursday 28 June 2012

"U.S faces deadline to sanction China over Iran"

The Strait of Hormuz
China continues to support the Iranian regime by buying their oil where others don't or can't. The United States has to make a choice either to issue a waiver to China and other purchasers or sever them from the U.S financial system. CNN


This week South Korea announced that it will stop buying Iranian oil, the first Asian nation to do so. Iran has subsequently threatened to halt South Korean imports. UPI ASIA










LATEST NEWS
The U.S grants China six-month Iran oil sanction reprieve
BBC

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