January 16, 2012

Fate of U.S. effort to isolate Iran could rest with China

Most days, the announcement of an $8.5 billion joint venture oil deal between Saudi Arabia and China wouldn't raise eyebrows. Riyadh, after all, is China's largest supplier of oil. But with the United States pushing for an oil embargo against Iran, China's third-largest oil provider, the calculus has changed.

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