Iran and China signed a wide-ranging security and economic cooperation agreement, defying U.S. attempts to isolate Iran and advancing Tehran’s longstanding efforts to deepen diplomatic ties outside Western powers. The agreement included Chinese investments in projects ranging from nuclear energy, ports, railroads and other infrastructure to transfer of military technology and investment in Iran’s oil-and-gas industry. In return, China would receive steady supplies of Iranian oil.
SOURCE: WALL STREET JOURNAL
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