The American “maximum pressure” campaign has clearly had a major impact on Iran, but a massive influx of Chinese investments will go a long way towards undoing it.

With Iran and China working on a multibillion-dollar 25-year economic and security deal, Israel has many reasons to be concerned and even alarmed.The proposed agreement, leaked to The New York Times, which reported on it on Saturday, would lead to a closer military relationship between Tehran and Beijing, including joint military exercises, research and weapons development and intelligence sharing. It would also increase Chinese investments in Iranian banking, telecommunications and transportation, such as airports and railways. China would reportedly get a discounted supply of Iranian oil in return.

The document describes the countries as “two ancient Asian countries... with a similar outlook” that “will consider one another strategic partners.”Neither side has publicly confirmed that the document is genuine, that they have signed it or that there is any such agreement. When asked about a deal with Iran last week, Chinese Foreign Ministry spokesman Zhao Lijian said: “China and Iran enjoy traditional friendship, and the two sides have been in communication on the development of bilateral relations. We stand ready to work with Iran to steadily advance practical cooperation.” Read more at JPost