China Wants To Save Iran Nuclear Deal As It Leaves Their Oil Market Behind

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Geng Shuang, a spokesman for China’s foreign ministry, told the local press on Monday that Iran was basically “forced” to end its commitment to the Joint Comprehensive Plan of Action after the death of Soleimani by drone strike outside of a Baghdad airport last week. Geng said that by doing so, however, they would be in violation of their non-proliferation obligations.

Brent crude oil prices rose to $70 in intraday trading on Monday morning, but have since fallen below $70. Texas crude is still pricing in the low $60s, up half a percent following a rash of pro-Iran militia attacks against U.S. facilities this weekend.

accuRate

Things seems to be Complicated here

))))

Cos if oil price go high , the country that will be moat hurt is china

So basically, China and the Democrats are still on the same side.

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Source: BusinessInsider - 🏆 729. / 51 Read more »