The Impact of Iran Sanctions on China and India
Johnny West, Open Oil Consultancy | January 27, 2012
The impact of Western sanctions on Iran goes further than "market plays, fire sales and opportunism" for India and China. ++ The long term role Iran plays in their energy security policies has been missed. ++ Iran has sought to lock both countries into 25-year contracts for its oil. ++ Ideological positions may factor domestically in India and China but they are an outgrowth of energy interests. ++ The West often misses the importance placed on access to affordable energy. ++ China is discussing an offer to build a naval base within reach of the Gulf.
