Today's Coming Crisis Movie

Tuesday, January 31, 2012

Merkel to urge China to cut Iran oil imports: "It is in German interests that China does not raise its imports (from Iran). ...Not Europe's Interests?

German Chancellor Angela Merkel will use a planned visit to China this week to encourage Beijing to reduce its imports of Iranian oil, a German government source said on Tuesday.

Last week, the European Union agreed to ban from July 1 all imports of oil from Iran, OPEC's second largest producer, in a drive to pressure Tehran into reining in its nuclear activities.

"It is in German interests that China does not raise its imports (from Iran). It would be good if China would reduce its imports," the government source told a news briefing ahead of Merkel's trip to China that begins on Wednesday. Read More