There is simply no sanctuary for Iran’s state run oil industry.
China has all but abandoned it because of U.S. sanctions. France will be hard pressed to do business with them due to the extraterritorial nature of the Iranian sanctions, coupled with a history of at least one French bank, BNP Paribas, being fined for running afoul of U.S. sanction policy. The stranglehold on Iranian oil could not be tighter.
The message is clear from Washington, buy oil from these guys and risk punishment.
