Where does Iran’s oil money go?
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The U.S. sanctions on Iran have succeeded only in forging a tighter trade partnership with Iran and the rest of the world. Instead of isolating Iran, it has created an indispensable relationship between Iran and China because China now buys 91% of Iran’s oil. What China does with Iran’s oil is beyond U.S. control but what it has done with its market position is 1. Secure it and its trading route, and 2. Create partnerships with other countries, from the UAE to Malaysia. This has not only helped Iran, it has helped all other countries in the region by creating something that Trump has not accounted for when it comes to the global oil market – stability.
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