China Sticks With Iran for Oil Imports

China has reassured Tehran that it will continue to import its crude, despite the United States’ withdrawal from the nuclear deal that will now be followed by sanctions targeting the Iranian oil industry, among others. A spokesman of China's Foreign Ministry, Geng Shuang, was quoted as saying by Radio Free Europe that China will "carry on normal and transparent pragmatic cooperation with Iran on the basis of not violating our international obligation", Oil Price reported.
This makes China the latest to signal that it has no intention of stopping the flow of Iranian oil to its storage tanks and refineries.