US Abandons Plan to Impose Sanctions on Iran's Oil Exports After Israel Attack, Ednews reports via Reuters.
In the aftermath of Iran's attack on Israel, the US contemplated imposing sanctions on Iran's oil exports. However, the Biden administration has decided against this course of action, with the primary reason being the reluctance to disrupt China's interests as Iran's largest oil importer.
The decision reflects the delicate balancing act the US is navigating between its alliances with Israel and its diplomatic efforts with Iran. Imposing sanctions on Iran would have likely diminished Beijing's purchasing power, complicating the already intricate relationship dynamics in the region.