China and Iran sign a huge deal, "strategic accord" worth hundreds of billions

While America's attention has been focused on fighting the Chinese virus, China has quietly signed a huge strategic alliance with the terrorism-funding government of Iran.  Following weeks of feverish rumors, last weekend The New York Times reported the contents of a final draft of the agreement.

The main terms are that Iran has agreed to sell China oil, at below-market prices, for the next 25 years.  In addition to buying Iranian oil--thus giving Iran desperately needed foreign currency--China has agreed to invest $400 billion in Iran over the same period.

In essence, the deal frees Iran from economic sanctions, which the developed nations had imposed on Iran because it was determined to keep working on developing nuclear weapons.

It takes quite awhile to fully understand the implications of this agreement.  For now, suffice it to say that it's a huge coup for both nations.  And for the record, there was no way the U.S. could have prevented it.

My guess is that aside from bare reporting, it'll take a week or so for the Mainstream Media to decide how to spin this agreement.  They'll want to use this against Trump, but they'll be reluctant to write about it because it so clearly shows that China is intent on world domination, as Trump advisors have said on numerous occasions.  So hard to know how they'll jump.

My take is that this is very de-stabilizing, and a huge source of concern for the U.S.  More later.