China: Keep Your Friends Close And Your Enemies Closer

This year Iraq surpassed Iran as the largest exporter of oil to China. This is because of the more severe sanctions imposed on Iran in 2012. Even Iran admits that it’s GDP has shrunk this year as a result. China would like to get more oil from Iran as well, but the sanctions make that difficult. China needs a lot more oil because it is desperate to reduce its use of coal, which is causing more and more air pollution in the north and northeast.

See the full article at Strategy Page