Why Iran experts are skeptical about the significance of Tehran's new deal with Beijing

Wang Yi and Mohammad Javad Zarif.
(Image credit: Photo by -/AFP via Getty Images)

China and Iran struck a deal on Saturday that will last for 25 years. On the surface it seems meaningful; in exchange for a steady supply of oil, Beijing agreed to invest $400 billion in Iran, The New York Times reports. But there's skepticism among Middle East experts about whether it actually signals a significant new phase in Tehran-Beijing relations.

Dina Esfandiary, a senior adviser at the International Crisis Group and co-author of a book about Iran's relations with China and Russia, told The Wall Street Journal the pact "allows Iran to be a little more intransigent," which could make "Europe and the U.S. a little more nervous because it looks like Iran may have a way out of economic strangulation." But she also tweeted that while it may be a "political and rhetorical win" for Iran, "it doesn't change much in its dealings with China for now." Esfandiary said she concurred with Esfandyar Batmanghelidj, the founder of the think tank Bourse & Bazaar and a visiting fellow at the European Council on Foreign Relations, who argued the $400 billion figure is "completely made up" and "illogical."

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.