Market Chatter: China Poised to Export Air Defense Systems to Iran
China is preparing to export new air defense systems to Iran in the next few weeks through third countries to mask their origin, CNN reported Saturday, citing three people familiar with U.S. intelligence assessments.The news outlet considers the move "provocative" as Beijing is said to have helped broker the truce between Washington and Tehran.Beijing is gearing up to transfer shoulder-fired anti-air missile systems known as MANPADs, the news outlet said.President Donald Trump said the deliveries could cause "big problems" for China but did not explain further, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)