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Chinese Foreign Minister Wang Yi and Iranian Foreign Minister Mohammad Javad Zarif posing for a photo in Tehran, Iran, on March 27. Photo: Fatemeh Bahrami/Anadolu Agency via Getty Images

China and Iran, both subject to U.S. sanctions, signed a 25-year cooperation agreement in Tehran on Saturday.

Why it matters: China agreed to invest $400 billion in Iran's economy over that time period in exchange for a steady and heavily discounted supply of oil from the country, according to a draft of the agreement obtained by the New York Times.

What they're saying: “Relations between the two countries have now reached the level of strategic partnership and China seeks to comprehensively improve relations with Iran,” Chinese Foreign Minister Wang Yi said, according to Reuters.

  • “Our relations with Iran will not be affected by the current situation, but will be permanent and strategic."

Thought bubble, via Axios' Bethany Allen-Ebrahimian: Iran has become ever more dependent on China, which has offered it a rare economic lifeline amid heavy U.S. sanctions.

The big picture: The agreement may deepen China’s influence in the Middle East and undermine U.S. efforts to keep Iran isolated due the unresolved dispute over Tehran's nuclear program, per the NYT.

Go deeper ... 43 senators to Biden: Use "full force" of diplomatic, economic tools to check Iran

Go deeper

Mar 26, 2021 - World

China retaliates after sanctions by U.K. over Xinjiang abuses

Photo: Frederic J. Brown/AFP via Getty Images

China sanctioned individuals and entities in the United Kingdom on Thursday, claiming they "maliciously spread lies and disinformation" on Chinese government human rights abuses against Uyghur Muslims, the Chinese foreign ministry said in a statement.

Why it matters: The sanctions come after the U.S., U.K., European Union and Canada this week coordinated sanctions against Chinese officials involved in human rights abuses against Uyghur Muslims in the Xinjiang region.

In photos: Students evacuated as wildfire burns historic Cape Town buildings

Firefighters try, in vain, to extinguish a fire in the Jagger Library, at the University of Cape Town, after a forest fire came down the foothills of Table Mountain in Cape Town, South Africa, on Sunday. Photo: Rodger Bosch/AFP via Getty Images

A massive wildfire spread from the foothills of Table Mountain to the University of Cape Town Sunday, burning historic South African buildings and forcing the evacuation of 4,000 students, per Times Live.

The big picture: Visitors to the Table Mountain National Park and other nearby attractions were also evacuated and several roads including a major highway, were closed. South Africa's oldest working windmill and the university's Jagger Library, which houses SA antiquities, are among the buildings damaged.

Updated 3 hours ago - Politics & Policy

3 killed, 2 wounded overnight in Kenosha bar shooting

Three people died and two others were hospitalized with serious injuries after a gunman entered bar in Kenosha County, Wisconsin, the police department said in a statement on Sunday.

The latest: Officers arrested a "person of interest" Sunday afternoon in connection with the 12:42 a.m. shooting and there's "no threat to the community at this time," per a later police statement.