The Jerusalem Post published an article devoted to the new US sanctions against Iran. "Two top Chinese shipping lines severed ties with Iran as tough new US sanctions over the country's disputed nuclear program came into effect on Monday, leaving the country increasingly dependent on front companies and overland routes," the article reads.
"Many of Iran's imports, including food and consumer goods, arrive by ship, either directly or via feeder services from places like the United Arab Emirates, and the latest set of sanctions are likely to worsen an already deep economic crisis."
"Tehran is set to become more reliant on trade by land, which will push up prices already driven by currency volatility," the author writes.
"China's shipping firms operate in a globalized trade, so they are more risk averse to Iran now," the author cites an industry source as saying.
