China-Iran Trade Relations: Analyzing the US Factor
Keywords:
Oil resource, Oil politics, Built and Road Initiative, USA, Germany, China, Iran, July Accord.Abstract
As for as oil politics is concerned in the Middle East, it is one of the main
sources for economic growth as well as improving the energy demands of
the financial sector. So, oil has become the main theme of international
economy in its particularity. Henceforth, the great nations established their
diplomatic ties with oil rich countries in the Arabian Peninsula and other
Middle Eastern nations for seeking oil reserves such as USA, France, UK
and China. Furthermore, Beijing has settled its diplomatic relations with
Tehran in accordance with the political, social and economic spheres on
different times and occasions in the region. Thus, oil is the main generating
tool of the industries, factories, land and aerial transportation. By virtue of
digital age, the demand for oil resource is entirely boomed in global
financial market. Not surprisingly, this era is considered as the period of
dependency in the world politics. Any nation cannot get improvement
without oil reserve in national economy particularly and in international
economy generally. Therefore, oil resource is the juggernaut of the world
economies. The Peoples Republic of China is keenly interested to make its
presence in Tehran to import oil as well as to supply its products through
the Strait of Hurmoz to the African states.
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