How the U.S. decision to leave the JCPOA affected energy relations between China and Iran
Servicii bancare
The U.S. withdrawal from the JCPOA in 2018 and the subsequent imposition of unilateral sanctions severely impacted Iran’s economy, halving its oil exports, devaluing its currency, and significantly increasing inflation rates. This move also influenced Iran-China relations, as Iran sought to mitigate economic repercussions by strengthening ties with non-Western countries. Despite China’s substantial financial assets and strategic interests in Iranian markets, the partnership remains constrained
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