How U.S.-China trade deal is going to impact Iranian oil exports?

How U.S.-China trade deal is going to impact Iranian oil exports?
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TEHRAN – Tomorrow, the U.S., and China are going to sign a trade deal, which is expected to ease the tensions between the two economic rivals and push the global economy out of recession and bring markets back to life. The deal, which is labeled as the “Phase 1 trade deal”, is going to be signed by U.S. President Donald Trump and China’s Vice Premier Liu He, at the White House. Despite the undeniable positive impact of the deal on the global markets, the consequences of this deal for the Iranian oil market could be a little complicated. Since, on one side, the increase in oil prices as the result of the trade deal would benefit the Iranian oil industry like all others, but on the other side, it could force China to take some reassuring actions in order to show its determination for ending the trade war. That means, under U.S. pressures, and to cement the agreement with the Americans, China could probably cut or even end its oil imports from Iran. The U.S.-China-Iran triangle Tensions between the U.S. and Iran have been escalating in recent weeks after the U.S. assassinated the top Iranian General Qassem Soleimani in an airstrike, and Iran answered with an attack on U.S. military bases in Iraq. Following Iran’s revenge, Washington imposed new sanctions on the Iranian metal sector and some of the country’s senior officials. The Trump administration has also intensified the pressure on Iranian allies, like China, for reducing their economic […]

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