China is now scrambling fighter jets to 'defend' its claim over the formally international waters between China, Taiwan, Japan and South Korea. China ignored the B-52s that the US flew through the same territory, since the US has no claim over the waters. Japan and Korea don't get ignored, it doesn't sound like Taiwan even wants to risk it. The US has never been officially at war with China if you don't count Korea, but Japan is still reviled in China for its WWII atrocities, and needs to consider the very real possibility that things could get 'out of hand'.
It's not that China has any intention of shooting down the planes from Korea and Japan that have deliberately violated China's 'airspace', China just wants to raise tensions to a certain level. That level would be where no oil company will want to invest the big bucks it would take to extract petroleum in the disputed waters with the likelihood that their rigs would be seized by The People's Army. China is all about the 'long game', they know this will be their century, the planet is theirs for the taking.
Peace with Iran has brought to life a billion dollar cottage industry in vintage airplane parts. Iran has the distinction of flying some of the oldest commercial aircraft in the world, including one of the original 747-100s, a model that hasn't even been seen at a Boeing facility in 20 years. They fly planes that you don't even see in Africa. An engine fire? Just another day on the job at Iran Air. So now that spare parts no longer need to go to Iran via the Black Market there is a scramble by more mainstream parts dealers to lock down every Boeing jet that sits wasting away on some backwater tarmac.
Iran did have a go with using Russian built planes, but found the failure rate was worse than the bailing wire and chewing gum creations that they have been running. In reality they've only recently had a problem securing parts. Under Republican administrations there was no real enforcement of the embargos against Iran, but since Obama took over things have tightened up considerably. The USAF for example purchased a gigantic hydraulic shear to destroy landing gear struts for decommissioned F-111s that under the Bush Administration were routinely ending up in Iran.
Ronald Reagan committed Treason and got himself elected by promising Iran spare parts, anti-aircraft missiles and such. That business turned into the Iran-Contra scandal. During depositions Reagan claimed no recollection of such events, (his alzheimer's was conveniently revealed just prior to his appearance). George H. W. Bush who had bragged about being 'in charge' during the Reagan Presidency, claimed under oath that he knew nothing, saying that he just went to funerals like all Vice Presidents do. Bush went on to issue pardons for everyone involved, including people who hadn't even been indicted.
Twitter @BruceEnberg - Where you can ask, just what is baling wire?
Breaking News: the Obama Administration has just recommended that US airlines comply with China's demand that aircraft flying into China's 'new' airspace comply with their notification requirements, "out of an abundance of caution". An abundance of caution would be to take the long way around.