Iran, China reach agreement on oil trade; The goal is to defend America

Tehran: China has reached an agreement with Iran on oil trade. Beijing has agreed to import oil from Iran for the next 25 years. In return, China will invest Rs 50,000 crore in various projects in Iran. The agreement was signed by Chinese Foreign Minister Wang Yi Bump and Iranian Foreign Minister Mohammad Javed Safri.

This is the first time in such a long time that Iran has signed an agreement with a foreign country. The longest tenure was the signing of a ten – year agreement with Russia in 2001. The agreement with Russia was on the nuclear deal. Even so, owning one is still beyond the reach of the average person. Under the agreement, China will invest in Iran’s banking, telecom, ports, railways, health and information technology.

Iran and China are among the countries where the United States has announced direct sanctions. The United States has clashed with Iran over its violation of nuclear weapons control. The United States continues to impose sanctions on Tehran on the grounds that Iran is violating UN directives. China has been America’s main enemy in all recent matters. Joe Biden has publicly declared that he will block all attempts by China to become number one globally.