Why The Iran-China Oil Alliance Is So Important

The steady rise in U.S. strategic competition with the People’s Republic of China (PRC) over trade and the South China Sea already has so many dimensions that it is sometimes easy to ignore shifts in the PRC’s behavior in other areas. On July 6, 2020, Iranian Foreign Minister Javad Zarif announced that Iran was negotiating an agreement with the PRC – with which it long has had trade and strategic links – which would now make the two countries the equivalent of strategic partners. This expanded U.S.-PRC competition to new parts of the…