China, Iran Sign $400B Deal

Photo: NOEL CELIS/POOL/AFP/Getty Images
Photo: NOEL CELIS/POOL/AFP/Getty Images

A proposed $400B economic and strategic agreement between Iran and China, including a major port development project on the Strait of Hormuz, will invest $280B in Iran's oil and gas industry and $120B in production and transportation infrastructure, Nikkei reports.

Read the full report here.