Mounting pressures over the European Union to put his policies
in line with those of the U.S. has put its existence at risk!
After the nomination of Mario Draghi, the former
managing director of Goldman Sachs, as the head of ECB and his tough
policies regarding the Greece debt could be dubbed as a U.S. policy to
dismantle the EU.
This has been accompanied by pressures coming directly from the U.S. to
enforce the EU to cut its financial ties with the Islamic Republic of Iran
which is going to undermine the already unstable position of the European
This has been clearly shown by Sajjad Jafari in his cartoon.
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"A key driver in China's relations
with Middle-East governments is its dependence on foreign oil to fuel
its economic development. This dependency is expected to increase over
the coming decade."
China's relations with such countries has
provided these countries a great deal of money, allowing them to continue to
grow their economics and to maintain their policy.
China and Iran China is the number one oil and gas importer from
Iran. The two countries are bound by energy deals reaching a total value of
$120 billion and growing. While the U.S. and EU were forging a diplomatic
strategy to halt Iran’s nuclear program, China signed in October 2004 its
largest energy deal with Iran ever and promised to block any American
attempt to refer Iran’s nuclear program to the UN Security Council. This may
indicate not only that China is interested in a militarily strong, even
nuclear Iran that dominates the Gulf but also that for China, energy
security considerations trump international cooperation on critical global
China also provides conventional weapons that
could threaten U.S. military forces securing the Persian Gulf and specially
Hormuz strait. Of particular concern are China's sales to Iran of anti-ship
cruise missiles, which pose a threat to oil tanker traffic and American
naval vessels operating there. This arms trafficking presents an increasing
threat to U.S. global security interests, particularly in the Middle East
China and Hispanics In the Western Hemisphere China concluded oil and
gas deals with Argentina, Brazil, Peru, and Ecuador. But its main country of
interest is Venezuela, U.S.' fourth largest oil supplier. A series of oil
agreements signed in early 2005 allow Chinese companies to explore for oil
and gas and set up refineries in Venezuela. Chinese state-owned oil
companies have also begun seeking ambitious oil deals in Canada, the top
petroleum supplier to the U.S. China’s continued penetration into the
Western Hemisphere could have profound economic and political implications
for the U.S. Considering the fact that both U.S.’ and Mexico’s domestic
crude production are falling, the U.S. cannot afford to lose chunks of the
crude produced by the two countries that together supply a third of its oil
imports. With less oil available to the American market the U.S. will be
forced to seek this oil elsewhere, primarily in the Middle East, hence
becoming more dependent on this tumultuous region.