Given China’s burgeoning role in the Middle East – with Iran and Iraq, in particular, irreplaceable staging posts for Beijing’s multi-layered, multi-generational ‘Belt and Road Initiative’ (BRI) – how U.S. President-elect, Joe Biden, deals with the country is a key question for the oil industry. According to a range of senior sources in Washington close to the new administration and to sources close to the governing administrations in Tehran and Baghdad spoke to exclusively by OilPrice.com last week, the approach of the Biden team to China will be very close to the very trade-centric policies of predecessor Donald Trump to ensure that Beijing continues to move in the direction of an equitable trade policy with the U.S. Three major differences, though, will be first that Biden will never “give up security considerations for trade” as Trump frequently did , according to Trump’s former National Security Adviser, John Bolton. Second, […]