COLD WAR II: Iran and China sign 25-year cooperation agreement.
The agreement is said to have been in the works since Chinese President Xi Jinping visited Iran in 2016, also agreeing to increase bilateral trade more than 10-fold to $600bn in the next decade.
No details of the agreement have yet to be officially published, but it is expected to be a sweeping “strategic accord” that includes significant Chinese investments in Iran’s key sectors such as energy and infrastructure, in addition to military cooperation.
It comes as both Iran and China are under different levels of sanctions imposed by the US.
For now, anyway.