Iran Snap Analysis: Are the Oil Sanctions Tightening on Tehran?

We already knew about the US effort to persuade Japan and South Korea to reduce their supply of oil from Iran. What is striking now is the inclusion of China. Officially, Beijing is taking the firm stance that it will not agree to any stiffened sanctions. We have suspected that, behind the scenes, the Chinese might be more accommodating to a reduction of their imports from the Islamic Republic.  The New York Times observes, "This weekend [China's] prime minister, Wen Jiabao, will begin a five-day visit to Saudi Arabia, Qatar and the United Arab Emirates, perhaps to explore the prospect of increased energy imports."

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