China Hopes For Progress In Talks Between Iran And The UN Security Council

China’s official Xinhuanet news service is predicting that Iran will compromise with the 5 members of the UN Security Council plus Germany as they meet in Istanbul beginning on Friday. The Chinese news service points out that Iran is suffering 25% to 35% inflation at the moment. Moreover, the Iranian currency has fallen dramatically against the dollar, and 25 of Iran’s banks have been kicked off the SWIFT exchange under European Union pressure (the EU in turn acted because it is afraid of US sanctions otherwise.) Xinhuanet does not…

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