The US will penalize any country that violates its sanctions, albeit it will not go after China because it is fearful of what an escalation would look like. Knowing this full well China is buying 700K barrels of Iranian oil every single day, as they violate US sanctions.
Iran has been condemned to crushing oil-export restrictions for numerous years, but this has not deterred China, whose importation of Iranian oil has climbed month after month, according to traders and ship-tracking agencies who told Reuters.
Chinese purchasers are increasing their crude imports at cheap costs as the international crude benchmark Brent climbs, outweighing any dangers posed by US penalties.
Furthermore, as Reuters reports, Chinese imports of Iranian crude have continued to climb this year, amid sanctions that, if imposed, would enable Washington to cut anyone who breach them off from the US economy.
However, with the US president unlikely to start waking up from his nap or refuse to b...
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