NZFOI: There is much talk about a potential treaty between Iran and China that will enable Iran to circumvent US sanctions, bring respite to their economic hardships, allow Iran to pursue its nuclear programme and will give China access to oil and naval bases in the region.
China, sensing America’s internal political difficulties amidst social justice protests and a poor COVID-19 response, is taking off the gloves: Beijing is said to be in the final stages of approving a $400 billion economic and security deal with Tehran.
In addition to massive infrastructure investments, the agreement envisions closer cooperation on defense and intelligence sharing, and is rumored to include discounts for Iranian oil. If finalized, the PRC would gain massive influence in this geopolitically critical region, and simultaneously throw a lifeline to the embattled Mullah Regime.
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