BEIJING - Against a backdrop of worsening bilateral relations with the United States, news emerged earlier this month of a purported secret deal between China and Iran that would offer some US$400 billion (S$555 billion) of Chinese investments in the Islamic Republic over 25 years.
While it sparked concerns that the deal could re-calibrate geopolitics and pose a potential strategic challenge to the US, analysts say this is essentially the fleshing out of a prior agreement from 2016, and needs to should be viewed as Teheran floating a trial balloon.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
