A joint statement from Treasury Secretary Geithner and Secretary of State Clinton backs the...

|By:, SA News Editor

A joint statement from Treasury Secretary Geithner and Secretary of State Clinton backs the additional EU sanctions imposed on Iran, as tensions continue to simmer over oil exports. Independent analyst Stephen Schork weighing in on the standoff sees one clear winner in the Persian Gulf drama... China. "Outside the West, Iran really has only one buyer: China. That means China's probably going to get some sweetheart deals."