Highlights Iran’s biggest oil customer may be “too big to sanction” China may reduce, but not dramatically cut imports Sanctions compliance could be “bargaining chip” in trade talks Washington — During a roughly 20-minute call with reporters Friday, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin mentioned the Trump administration’s “maximum pressure” campaign on Iran six times. China was not mentioned once. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is telling, analysts believe, as the administration wants to push Iranian crude oil exports to zero, but has no clear plan for how to prevent China, Iran’s top oil trading partner, from importing even more Iranian crude when sanctions snap back into place Monday. Capitol Crude podcast: US sanctions on Iranian crude exports set to snap back “It’s hard to imagine that the Chinese will be willing to accept sanctions,” Amos Hochstein, […]