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ANALYSIS/OPINION:
In the three months since President Biden took office, Iran has been testing U.S. resolve by escalating its uranium enrichment activities, directing terrorist proxies to attack U.S. forces, and taking another American hostage. It has also improved its ability to move its crude oil to China, which is welcoming “record amounts” of Iranian crude into its ports in spite of U.S. sanctions, and has pledged to invest $400 billion in Iran over the next 25 years. As the clerics and the communists grow closer to one another, American credibility is on the line.
China is one of the few countries willing to engage with the Iranian regime in a complex shell game of tanker ships moving across the world’s oceans as Iran moves its oil, gas and petrochemical products on its fleet the second-largest state-owned fleet in the world and on various rogue vessels. Some leave Iran and go directly to China. Around one-half move their cargo to other vessels in what’s known as a