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Why The Iran-China Oil Alliance Is So Important

Why The Iran-China Oil Alliance Is So Important

Following the skirmish between Indian…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

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Taiwan Detains Chinese Oil Tanker

Taiwan has detained a Chinese tanker for allegedly illegal entry into its territorial waters, Taiwanese media report, adding that the six-member crew has been arrested.

Taiwan has stepped up coast guard patrols off the western coast of the country to limit the spread of the novel coronavirus. Media reports said that the crew of the Chinese tanker, which has remained unnamed, were tested for any outward signs of infection, but none were found.

The incident is likely to fuel already substantial tension between China and Taiwan after China expanded its military and navy activity around the breakaway island in the last few months. The expansion coincided with the action taken by Taiwan to distance itself from the mainland further, first by renaming its air carrier—previously called China Airlines—and then by highlighting “Taiwan” on local citizens’ passports, CNBC reported earlier this month.

This escalation has had some worried that things might deteriorate further, eventually culminating in an open military conflict, not least because Taiwan is also involved in the tension between the United States and China. The U.S. is bound by law to help Taiwan defend itself, and it seems to be taking this duty seriously, increasing its presence in the Taiwan Strait recently, according to CNBC’s Huileng Tan.

President Trump has made no secret of his intentions to forge closer links with Taiwan, according to some as one more way to alienate Beijing. The latest instance of this course of action was the visit of U.S. Health Secretary Alex Azar to Taiwan. Azar arrived on the island this weekend and is the highest-ranking U.S. government official to visit Taiwan in 40 years.

“The Chinese recognize that in the near-term, they do not have the capacity to really ‘retake’ Taiwan, not only militarily, but in particular economically and politically,” Stratfor’s senior vice president of strategy analysis Rodger Baker told CNBC’s Tan.

Yet this does not mean it cannot continue to intimidate the island, which, in turn, seems determined to stay its own course of distancing itself further and further from the mainland.

By Charles Kennedy for Oilprice.com

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  • Mamdouh Salameh on August 10 2020 said:
    Whether it is an accident or intent, I still detect the finger of the United States in it.

    Since his election as president of the United States in December 19, 2016, President Trump imposed tariffs and sanctions on China, waged a trade war against it, tried to tamper with the status quo over Taiwan agreed upon in 1972 between the Nixon administration and China, meddled in Hong Kong’s affairs, blamed China for the COVID-19 pandemic and labelled it as the greatest threat to the United States security.

    Still, Taiwan is an integral part of mainland China like Hong Kong whether the United States likes it or not. By meddling in Hong Kong and also Taiwan, the United States is trying to delay the inevitable.

    China has the military power to take over Taiwan in 48 hours. It will do exactly that if Taiwan continues to distance itself from the mainland but it will wait until it has enough naval power to neutralize US naval presence in the vicinity of the Strait of Taiwan.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

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