As the world’s largest crude oil importer, China has long relied on a double-insurance system to safeguard domestic oil supply. The strategy combines two pillars: diversifying where its crude comes from, while simultaneously building vast strategic and commercial stockpiles. Experts say that approach appears to have helped China absorb at least the initial shock after…
NEWYou can now listen to Fox News articles! The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Friday sanctioned a major Chinese oil refinery and dozens of ships tied to Iran’s “shadow fleet,” escalating efforts to choke off Tehran’s main source of revenue. Officials said in a press release the move targets Hengli Petrochemical,…
US forces interdict Iran oil tanker amid meeting uncertainty National security correspondent Jennifer Griffin and former Army intelligence analyst Bret tVelicovich discuss the U.S. military’s operations in the Strait of Hormuz, Iran’s fractured leadership and China’s involvement in illicit oil trade. NEWYou can now listen to Fox News articles! U.S. forces conducted a boarding and…
NEWYou can now listen to Fox News articles! An Iranian-flagged cargo ship recently seized by U.S. forces had recently traveled through Chinese ports, spotlighting a supply route now under scrutiny as officials probe suspected dual-use cargo aboard the vessel. The vessel, Touska, remains in U.S. custody as American forces continue inspecting what maritime security sources…
NEWYou can now listen to Fox News articles! Communist China is reportedly providing military assistance to the embattled Iranian regime, according to a leading U.S. military think tank and other reporting. The Institute for the Study of War stated that China is providing military assistance to the Iranian regime’s missile program, basing its research on…
FOR THE first month of their war on Iran, America and Israel mostly spared civilian infrastructure. In March bombers painstakingly picked around oil terminals and ports while attacking Kharg Island, an energy entrepot. A week later Donald Trump told Israel to stand down after its strikes on South Pars, a gasfield, provoked Iranian retaliation against…
Two Iranian ships departed a Chinese chemical storage port this week, heading for Iran, according to a Washington Post analysis of ship-tracking data, satellite imagery, and Treasury Department records published on Sunday. The ships, the Shabdis and the Barzin, are owned by the Islamic Republic of Iran Shipping Lines, a state-owned company which has been…
NEWYou can now listen to Fox News articles! Tehran’s strike campaign threatens to disrupt shadow shipping networks and sanctions-evasion routes, raising energy costs for Moscow and Beijing and potentially squeezing Russia’s war funding and China’s industrial and military supply chains. As of Monday, the Iranian regime declared the crucial Strait of Hormuz — between Hormuz…
The maxim, “The strong do what they can and the weak suffer what they must”, attributed to the Athenian historian Thucydides, described the reality of world politics for millennia. Today there are forces that wish to see a return to a world where “might equals right”. The European Union, born out of the ashes of…
Iran is prepared to consider “compromises” to revive a nuclear deal with the United States, but only if Washington is willing to talk about lifting sanctions, deputy foreign minister Majid Takht-Ravanchi told the BBC in an interview in Tehran. ‘Their military deployment does not scare us’: Iran foreign minister Abbas Araghchi on US moves (File…