Why The U.S. Wants China To Stop Importing Iranian Crude

In an attempt to increase pressure on Iran in order to push through a nuclear deal with Iran, the U.S. is considering cracking down on Iranian oil exports to China. Chart of the Week-     The government of the United States is mulling a ban on Chinese imports of Iranian crude as it becomes increasingly clear that reaching a deal with Iran before the inauguration of its new government is unlikely. -    The oil markets see the U.S. somewhat unlikely to antagonize China further, yet Washington would be inclined to highlight…