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China Opposes Washington’s Decision On Iran Oil Sanctions

The United States quit the deal in May 2018, and renewed U.S. sanctions have hit Iran's economy and contributed to the fall of the national currency, the rial.

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Iranian oil worker
An Iranian oil worker rides his bicycle at a Tehran oil refinery. RFERL

Beijing has lashed out at a U.S. decision to impose sanctions on countries that buy Iranian oil, warning that it will intensify turmoil in the Middle East and in the international energy market.

“China firmly opposes the U.S. implementation of unilateral sanctions and its so-called long-armed jurisdiction,” Foreign Ministry spokesman Geng Shuang said at an April 23 press briefing.

The White House announced on April 22 that the United States will not renew exemptions granted in 2018 to five buyers of Iranian oil — top customer China as well as India, Turkey, South Korea, and Japan — pressuring importers to stop buying from Tehran.

The exemptions, or waivers, allowed the five countries to buy Iranian oil without facing U.S. sanctions. The White House has said that the decision to end them is intended to bring Iran’s oil exports — a key source of revenue for the authoritarian government — to zero.

The United States has said it was working with Saudi Arabia and the United Arab Emirates, two of the largest oil exporters, to ensure the market was “adequately supplied.”

China
“China firmly opposes the U.S. implementation of unilateral sanctions and its so-called long-armed jurisdiction,” Foreign Ministry spokesman Geng Shuang said at an April 23 press briefing.
VOA

Saudi Arabia, Iran’s main regional rival, welcomed the U.S. decision to end all Iran sanctions waivers by May.

“Saudi Arabia fully supports this step…as it is necessary to force the Iranian regime to end its policy of destabilizing stability and its support and sponsorship of terrorism around the world,” Foreign Minister Ibrahim al-Assaf said on April 23.

Japan has said it expects a limited impact from the U.S. decision.

“We will closely watch international oil markets and exchange views with Japanese companies involved in crude imports and may consider taking necessary measures,” Japan’s trade and industry minister Hiroshige Seko said on April 23.

Iranian Oil Minister Bijan Zangeneh said on April 23 that the United States will not succeed in cutting the country’s oil exports to zero, telling parliament that Iran will work “with all our might…toward breaking America’s sanctions.”

A spokesman for Iran’s Foreign Ministry dismissed the U.S. decision on April 22, calling sanctions “illegal” and saying that the country “did not and does not attach any value or credibility to the waivers.”

oil refinery
The White House announced on April 22 that the United States will not renew exemptions granted in 2018 to five buyers of Iranian oil — top customer China as well as India, Turkey, South Korea, and Japan — pressuring importers to stop buying from Tehran. Pixabay

The European Union said on April 23 it “regrets” the U.S. decision, warning that it would further undermine a 2015 agreement between world powers and Iran that granted Tehran sanctions relief in exchange of restrictions on its nuclear program.

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The United States quit the deal in May 2018, and renewed U.S. sanctions have hit Iran’s economy and contributed to the fall of the national currency, the rial.

The EU will “continue to abide by [the deal] as long as Iran continues with full and effective implementation,” EU foreign policy spokeswoman Maja Kocijancic said. (RFERL)

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OPPO to Launch ‘Oppo Reno Ace’ in China on October 10

Chinese smartphone manufacturer Oppo on Monday confirmed that its next flagship product, 'OPPO Reno Ace', would be launched in China on October 10

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Oppo, smartphones, china, launch
Oppo launched its Oppo Reno2 series of smartphones in August. Wikimedia Commons

Chinese smartphone manufacturer Oppo on Monday confirmed that its next flagship product, ‘OPPO Reno Ace’, would be launched in China on October 10.

According to a recent Weibo post by the manufacturer, the device will have 65W fast-charging capabilities and it would be first smartphone to feature the world’s fastest fast charging technology, news portal GSMArena reported.

The device is also rumored to sports a 6.6inch FHD+ curved edge display with thin bezels with 90 Hz refresh rate, up to 100 per cent screen space and one can expect a pop-up or an under-screen camera selfie shooter.

Oppo, smartphones, china, launch
The handset, OPPO RENO 10X features a 6.6-inch notchless AMOLED display with rounded edges. IANS

The device will be powered by Snapdragon 855+ chipset, 12GB RAM, 256GB onboard storage, a 4,000mAh battery and it supports 5G connectivity.

ALSO READ: LG Looking to Revive its Tablet Business with ‘G Pad 5’

Other details about the smartphone’s specifications are currently under the wraps.

Meanwhile, Oppo launched its Oppo Reno2 series of smartphones in August which consists of Oppo Reno2, the Reno2 F and the Reno2 Z handsets. (IANS)