China is buying crude oil from Iran using its currency the yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency. Iran is using the revenue to buy goods and services from China, Mohammed Reza Fayyad, Iran's ambassador to the United Arab Emirates, confirmed. China is the biggest buyer of Iranian crude oil exports.SO WHY ARE OBAMA AND BIDEN AND HILLARY APPEASING THE CHINESE!?!?!
OBAMA SHOULD HAVE EXPLOITED THE CHEN EVENT TO FORCE CHINA TO BE MORE COOPERATIVE ON IRAN.
OBAMA'S FOREIGN POLICY DOESN'T SEEM TO BE IN OUR INTEREST OR THE INTEREST OF OUR ALLIES; ITS CHIEF BENEFICIARIES SEEM TO BE CHINA, RUSSIA, IRAN AND THE MUSLIM BROTHERHOOD.