Amid Iran Israel war, China joins hands with THIS country, Israel can now..., India should be cautious because...
Chinese President Xi Jinping (File)
Iran-Israel war: In a significant update amid the ongoing Iran-Israel war, China has reportedly started supporting Iran to safeguard its economic interests amid a domestic slowdown in its economy. Reports have it that in order to secure energy supplies like discounted oil and gas from Iran amid its slowing economy, China is supporting the supporting the Islamic Republic of Iran. Here are all the details you need to know about China's recent move and why it is supporting Iran in its fight against Israel.
According to media reports, China wants to counter the Indian influence in Iran that India has build through building Chabahar port and other infrastructure projects in the last few decades. Therefore, reports are speculating that in order to protect its strategic and economic interest, China is supporting Iran with diplomatic and coveted military support through supply of arms, ignoring the possible western backlash. China-Iran trade relation
'Remember, China has accounted for more than 90 percent of Iran's crude oil exports but has also supported it with arms. Hamas, Houthi militia, Hezbollah, etc. have large quantities of Chinese weapons. Iran's weapons are made of Chinese computer chips. China's Middle East policy is now in disarray. China is suffering huge losses in the Middle East and it is not going to tolerate it quietly', Gordon Chang, a senior fellow at the US-based Gatestone Institute, said in a recent interview with CNN on China-Iran relations. Will Israel-Iran conflict impact petrol & diesel supply in India?
In a recent interview conducted by IANS news agency Union Petroleum and Natural Gas Minister Hardeep Singh Puri shared how India is prepared to deal with global challenges and weather the ongoing Israel-Iran conflict impact petrol and diesel supply in India.
On the question of weather the ongoing Israel-Iran conflict impact petrol and diesel supply in India, Hardeep Singh Puri said 'Let me make it absolutely clear — there is no shortage of petrol or diesel in India, and there is no need for concern at this point. Currently, there is no global shortage of crude oil.'
'In fact, the number of countries supplying crude oil to India has increased from 27 to 40. Additionally, India is also producing crude oil domestically. Our output is growing, and we have adequate stock to ensure smooth supply', he added.
(With inputs from agencies)
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