• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 1 hour Sources confirm Trump to sign two new Executive orders.
  • 2 hours Why Wind is pitiful for most regions on earth
  • 4 hours In a Nutshell...
  • 18 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 2 days Joe Biden to black radio host, " If you don't vote for me you ain't black". That's our Democratic Party nominee ?
  • 9 mins Why Oil could hit $100
  • 3 days Happy 4th of July!
  • 3 days Putin Paid Militants to Kill US Troops
  • 3 days Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 4 days Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 4 days Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". With 1 out of 5 Democrats admitting it. How many Dem's believe it but will not admit it?
  • 1 day Coronavirus hype biggest political hoax in history
  • 3 days Apology Accepted!

Iran Ready To Send More Fuel To Crisis-Stricken Venezuela

Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.

Both Iran and Venezuela are under U.S. sanctions and Washington has sought to deter such shipments.

"Iran practices its free trade rights with Venezuela and we are ready to send more ships if Caracas demands more supplies from Iran," Musavi told a weekly news conference on June 1 that was broadcast live on state television.

Iran has sent five tankers of fuel to Venezuela, once South America's top oil producer, which is suffering from a gasoline shortage amid a ravaging economic crisis.

The United States has warned governments, seaports, shippers, and insurers that they could face measures if they aid the tankers.

So far four tankers have entered Venezuelan waters, with the Refinitiv Eikon analytical company saying on May 31 that the first two tankers that delivered fuel to Venezuela have started the return journey.

Tensions have been on the rise between longtime foes Tehran and Washington since 2018, when U.S. President Donald Trump withdrew the United States from a landmark 2015 nuclear deal between Iran and world powers and reimposed crippling sanctions that have battered the Iranian economy.

By RFE/RL

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News