Iranian oil imports to China plunged a monthly 41% in Feb., although it's not because China is...

|By:, SA News Editor

Iranian oil imports to China plunged a monthly 41% in Feb., although it's not because China is partaking in the sanctions against Iran but because of a contract dispute that was only settled at the end of the month. Under the new contract, China's 2012 imports from Iran will fall 15%, apparently not enough to exempt China from possible U.S. sanctions.