BEIJING (Reuters) - China, Iran's largest trading partner and top oil customer, repeated its opposition on Friday to tougher U.S. sanctions on Iran after the House of Representatives approved a bill aimed at halting Iran's oil exports.
The bill seeks to cut Iran's oil exports by a further one million barrels per day to near zero over a year, an attempt to reduce the flow of funds to Tehran's disputed nuclear programme. The legislation provides for heavy penalties for buyers who do not find alternative supplies.
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