The U.S. Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield, Politico reported on Wednesday, citing U.S. officials and sources. The Trump Administration is discussing issuing China a waiver to a 2012 U.S. act on Iranian sanctions that would allow Beijing—Iran’s single biggest oil customer—to import oil from Iran, three U.S. officials told Politico. The discussions revolve around giving China a waiver to import Iranian oil in exchange for investments that China’s Sinopec has made in an oilfield in Iran. U.S. administration officials have offered Sinopec to grant a waiver for the repayment in oil in official correspondence between the Chinese company and the U.S. Department of State, a source familiar with the matter told Politico. The report that the U.S. is mulling over a kind of lenient treatment of Chinese imports of Iranian oil […]