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Friday, 30 December 2011 - Chinese senior diplomat visits Iran amid tensions |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft Lucy P. 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China could be North Korea’s ally of last resort Related Topics World » BEIJING | Thu Dec 29, 2011 9:28pm EST BEIJING (Reuters) - Chinese Vice Foreign Minister Zhai Jun visited Iran for talks, the Chinese Foreign Ministry said, during growing tensions over Tehran's threat to choke off Middle Eastern oil shipments in retaliation against proposed Western sanctions. In keeping with Beijing's public sensitivity over Iran -- a major oil supplier to China -- the ministry statement gave only opaque clues about what Zhai and his hosts discussed during his two-day visit that ended on Thursday. "Both sides exchanged views on Sino-Iranian relations and regional issues," said the brief announcement on the Chinese Foreign Ministry's website (www.mfa.gov.cn) dated Thursday. Zhai met Iranian Foreign Minister Ali Akbar Salehi and other officials, the announcement said. The senior Chinese diplomat's visit came after Tehran threatened to retaliate against proposed Western sanctions by choking off oil flows through the Strait of Hormuz, a crucial passage for Middle Eastern suppliers. Tehran's threat followed the European Union's decision to tighten sanctions on Iran over its nuclear programme, as well as moves by the United States to tighten unilateral sanctions. "China hopes that peace and stability can be maintained in the strait," the Chinese Foreign Ministry spokesman Hong Lei told a briefing on Thursday in answer to a question about escalating tensions that have pushed up oil prices. China has driven global oil demand growth for a decade and has increasingly relied on shipments from the Middle East. China bought 547,000 barrels per day of crude from Iran through to October this year, up from 426,000 barrels per day for all of 2010. Only Saudi Arabia and Angola sell more than Iran to China. International tensions with Iran have increased since a report by the International Atomic Energy Agency in November concluded Tehran appears to have worked on designing a nuclear weapon and may still be pursuing research to that end. Iran denies this and says it is developing nuclear energy for peaceful purposes. Iran has expanded its nuclear activities despite four rounds of U.N. sanctions since 2006 over its refusal to suspend uranium enrichment and give access to U.N. nuclear inspectors. As a permanent member of the U.N. Security Council, China has the power to veto resolutions mandating such sanctions. But Beijing has instead voted for them, while working to ensure its oil and trade ties are not threatened. (Reporting by Chris Buckley; Editing by Ron Popeski) World Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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