In a bold move, China has taken a stand against the US’s long-arm jurisdiction by ordering non-compliance with sanctions on Chinese oil refiners. This development is a significant escalation in the ongoing geopolitical tensions between the two superpowers. The Backstory The US has imposed sanctions on five Chinese oil refiners, accusing them of trading in Iranian fuel. This move is part of Washington’s broader strategy to disrupt Iran’s oil trade and hold it accountable for its regional activities. However, China, a key player in the global energy market, has decided to push back, highlighting the potential for a new phase (Read more…)
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