| | [[File:New Silk Road.PNG|right|300px|thumb|Iran is a key Eurasian transport hub and railway link to [[the West]].<ref>[https://www.nakedcapitalism.com/2025/06/michael-hudson-why-america-is-at-war-with-iran.html Michael Hudson: Why America Is at War with Iran], naked capitalism, June 21, 2025. www.nakedcapitalism.com</ref>]] | | [[File:New Silk Road.PNG|right|300px|thumb|Iran is a key Eurasian transport hub and railway link to [[the West]].<ref>[https://www.nakedcapitalism.com/2025/06/michael-hudson-why-america-is-at-war-with-iran.html Michael Hudson: Why America Is at War with Iran], naked capitalism, June 21, 2025. www.nakedcapitalism.com</ref>]] |
| − | On March 27, 2021 [[China]] and [[Iran]] signed a comprehensive [[strategic]] 25-year partnership agreement on [[economic]] and security cooperation.<ref>https://www.gatestoneinstitute.org/17229/china-iran-challenge</ref> Iran will receive $400 billion in Chinese investments over the next 25 years in key Iranian economic sectors, including [[energy]], [[telecommunications]], [[defense]], [[infrastructure]], [[banking]], petrochemicals, [[railway]]s and [[port]]s. There will be also an expansion of [[military]] assistance, training and [[intelligence]]-sharing. Nearly 100 projects are under consideration. In return, Iran will commit to providing regular and heavily discounted [[oil]], [[gas]] and possibly other natural resources to China. | + | On March 27, 2021 China and [[Iran]] signed a comprehensive [[strategic]] 25-year partnership agreement on [[economic]] and security cooperation.<ref>https://www.gatestoneinstitute.org/17229/china-iran-challenge</ref> Iran will receive $400 billion in Chinese investments over the next 25 years in key Iranian economic sectors, including [[energy]], [[telecommunications]], [[defense]], [[infrastructure]], [[banking]], petrochemicals, [[railway]]s and [[port]]s. There will be also an expansion of [[military]] assistance, training and [[intelligence]]-sharing. Nearly 100 projects are under consideration. In return, Iran will commit to providing regular and heavily discounted [[oil]], [[gas]] and possibly other natural resources to China. |
| | For China, Iran is a welcome counterbalance to [[US]] influence in the region, as the only large regional power that is not aligned with the US, in addition to having enormous oil and natural gas resources and providing a large market of more than 80 million citizens for Chinese goods. | | For China, Iran is a welcome counterbalance to [[US]] influence in the region, as the only large regional power that is not aligned with the US, in addition to having enormous oil and natural gas resources and providing a large market of more than 80 million citizens for Chinese goods. |