Iran/China: Oil Deal Reflects Geostrategic Realities

China and Iran are reportedly close to signing a multibillion-dollar agreement to develop the big Yadavaran oilfield in southern Iran. The semiofficial magazine “Caijing” reports that a senior Chinese delegation from the National Development and Reform Commission could arrive in Tehran to finalize the deal as early as March. Word of the move comes amid the intensifying row between Iran and the international community over the aims of Iran’s nuclear program. Does it indicate that China will do “business as usual” with Iran despite concern that Iran is secretly trying to develop nuclear arms?

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