With tensions rising between Western countries and Iran and geo-political risks increasing,it’s time for China to further diversify its crude oil import sources. The European Union(EU)has reached an agreement to impose sanctions against Iranian oil exports,a move that drove Brent crude oil prices higher. Sanctions against Iran would inevitably affect China, which would probably reduce its reliance on that nation due to political With tensions rising between Western countries and Iran and geo-political risks increasing, it’s time for China to further diversify its crude oil import sources. The European Union (EU) has reached an agreement to impose sanctions against Iranian oil exports, a move that drove Brent crude oil prices higher. Sanctions against Iran would inevitably affect China, which would probably reduce its reliance on that nation due to political