The countries signed a sweeping pact on Saturday that calls for heavy Chinese investments in Iran over 25 years in exchange for oil — a step that could ease Iran’s international isolation.
Author: Farnaz Fassihi and Steven Lee Myers
Defying U.S., China and Iran Near Trade and Military Partnership
The investment and security pact would vastly extend China’s influence in the Middle East, throwing Iran an economic lifeline and creating new flash points with the United States.