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One potential beneficiary of US sanctions on Venezuela: Iran

13 Feb 2019 - 15:09


The Wall Street Journal | Benoit Faucon: The Trump administration’s sanctions on Venezuelan crude complicate its effort to bring Iran’s oil exports to zero. To avoid a price spike, Washington will likely be forced to allow some buyers to continue purchasing oil from Tehran, experts say.

The U.S. administration banned the purchase of crude from the Venezuelan government of Nicolás Maduro in late January, just two months after it implemented an embargo on Iran’s oil exports.

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Story Code: 338336

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https://www.theiranproject.com/en/article/338336/one-potential-beneficiary-of-us-sanctions-on-venezuela-iran

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