From Oil to Veto.. China Opens Support Channels for Iran

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Chinese support for Iran during the recent war was not limited to political stances, but extended to movements in the markets and the continuation of trade relations between the two countries, at a time when American pressures on Tehran intensified.

Among U.S. Treasury bonds, oil, and the veto in the United Nations, the Iranian newspaper "Khorasan" reported a series of movements that it considered forms of Chinese support for Tehran during the war.

At the forefront of these movements was China's sale of part of its holdings of U.S. Treasury bonds, a step that the newspaper said led to an increase in the yields of these bonds and imposed additional pressures on the U.S. economy, according to what was reported by the Iranian newspaper "Khorasan."

The newspaper clarified that China's reduction of its holdings of Treasury bonds by selling part of them in the markets leads, from an economic perspective, to an increase in the supply of bonds and pressure on their prices, which raises their yields. It considered that the increase in yields raises the cost of borrowing for the U.S. government and economy, which could add pressures on Washington and make any new military action more costly.

On the other hand, the report pointed out that Beijing has returned to the market in the last three weeks and has started purchasing operations, adding that part of the current rise in prices is attributed, according to its estimates, to increased Chinese demand.

In parallel with the economic movements, "Khorasan" considered China's use of the veto against several resolutions it deemed anti-Iran as another form of support, noting that the latest of these positions came last week regarding the UN sanctions committee.

It viewed that the Chinese position at the United Nations provided Iran with political support, at a time when international pressures on Tehran were increasing during the war.

On the other hand, China continues to purchase Iranian oil despite American pressures and offers, considering that the continuation of this trade represents one of the most prominent forms of economic support from Beijing to Tehran. The Chinese administration has also worked to transfer goods and currencies to Iran, keeping trade channels and financial flows between the two countries active during the war period.

These movements come at a time when Beijing and Tehran continue their economic relations, while Iran faces ongoing American pressures, with China remaining one of the parties that has maintained trade and cooperation channels with Tehran during the recent war.