Washington - The Obama administration has cleared China of possible U.S. sanctions after determining that the county has significantly reduced its oil purchases from Iran.
The State Department had previously exempted 19 other countries from penalties for doing business with Tehran.
Secretary of State Hillary Clinton said the reductions of purchases of Iranian oil by countries such as Japan, South Korea and Spain 'are a clear demonstration to Iran's government that Iran's continued violation of its international nuclear obligations carries an enormous economic cost.'
According to The Wall Street Journal, the move leaves China, the biggest buyer of Iranian oil, potentially shut out of doing business with the U.S.
The U.S. determined that China met the requirements because its purchases of Iranian crude fell about 25 percent in the first five months of the year.
According to the paper, China's reduction in oil imports took place in the first few months of 2012 because of a pricing dispute between Beijing and Tehran, rather than compliance with U.S. sanctions.
In May, Chinese imports of Iranian oil jumped 39 percent from April, to more than 500,000 barrels a day roughly the same level of imports as last year.
Beijing has opposed the latest round of U.S. sanctions, which ban companies that deal with Iran's central bank from doing business in the U.S.
Chinese officials said this month that purchases of Iranian oil are 'legitimate.'
| Other Articles: |
 |
New Pak PM says power top priority, not Swiss letter on Zardari graft cases (29th Jun, 2012) |
 |
Health care ruling raises Obama's chances of joining list of presidents who changed country's history (29th Jun, 2012) |
 |
Disgraced ex-IMF chief Strauss-Kahn and wife separate: Report (29th Jun, 2012) |
 |
Assad says he 'has duty to annihilate terrorists' to protect Syrians (29th Jun, 2012) |
 |
Child's death elevates risk of mom's demise (29th Jun, 2012) |
 |
Bill moved in U.S. House to declare Haqqani Network 'Foreign Terrorist Organisation' (29th Jun, 2012) |
 |
Chinese teacher sacked for sexual misconduct (29th Jun, 2012) |
 |
Nikki Haley calls her accuser 'racist, sexist bigot' (29th Jun, 2012) |
 |
Half of inhaled diesel soot sticks to lungs (29th Jun, 2012) |
 |
Japan's jobless rate falls (29th Jun, 2012) |
 |
South Korea's industrial output grows (29th Jun, 2012) |
 |
When two Pakistani criminals met their match (29th Jun, 2012) |
 |
'Don't teach maths or physics to kids on Thursdays' (29th Jun, 2012) |
 |
Brazilian central bank lowers growth forecast (29th Jun, 2012) |
 |
EU leaders agree on 120 bn euro growth initiatives (29th Jun, 2012) |
 |
Gene behind tomato's colour, taste decoded (29th Jun, 2012) |
 |
Top priority to resolving power crisis: Pakistani PM (29th Jun, 2012) |
 |
Omega-3 fatty acid boosts brainpower (29th Jun, 2012) |
 |
Twenty die in China explosion (29th Jun, 2012) |
 |
Chinese astronauts return to Earth (29th Jun, 2012) |
 |
Pakistan faces prospect of string of PMs: daily (29th Jun, 2012) |
 |
Menopausal women could 'work out' hot flashes (29th Jun, 2012) |
 |
Kidnapped Mexican mayor found dead (29th Jun, 2012) |
 |
For Pakistanis, India bigger threat than Taliban, Al Qaeda: Survey (29th Jun, 2012) |
 |
US healthcare verdict gives Obama huge win (29th Jun, 2012) |