US Plans Sanctions to Halt Iran-Venezuela Oil Trade
The US is preparing sanctions on as many as 50 oil and fuel tankers in an effort to cut off trade between Iran and Venezuela. The Trump administration is preparing Continue Reading
Venezuela’s new gasoline system fails to end epic lines
Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend, a week after President Nicolas Maduro launched a new dual-price Continue Reading
U.S. Steps Sanctions On Venezuela As Oil Exports Hit 17-Year Low
The United States ratcheted up its sanctions on Venezuela’s oil industry on Tuesday, focusing this time on maritime companies and their assets who have been assisting the Latin American country Continue Reading
U.S. Steps Up Sanctions Against Venezuela’s Maritime Oil Trade
The Trump administration escalated sanctions against Venezuela’s oil industry, targeting four maritime companies for supporting the “illegitimate” government of President Nicolas Maduro. The Treasury’s Office of Foreign Assets Control also identified Continue Reading
U.S. Tightens Squeeze on Venezuela Oil Trade, Blacklisting Four Tanker Owners
The Trump administration Tuesday tightened its web of sanctions around the Maduro regime in Venezuela, blacklisting four companies allegedly involved in the country’s oil sector. By sanctioning the firms and Continue Reading
Iran ready to ship more fuel to Venezuela despite US ‘threats’
Iranian tankers carrying at least $45.5m worth of gasoline sailed into Venezuela without incident [Marcos Moreno/AP] Iran has said it will continue fuel shipments to Venezuela if Caracas requests more Continue Reading
Confusion Reigns in Venezuela on First Day of Higher Gas Prices
In the first day of higher gasoline prices in Venezuela, it’s hard to say who’s more confused. The attendants at the pump? Or the drivers. The good news is that there’s Continue Reading
Two Iranian tankers sail back after delivering fuel to Venezuela
Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government of the South American Continue Reading
Venezuela raises fuel prices after arrival of Iranian oil tankers
Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free. Continue Reading
Trump’s sanctions are failing. Venezuela and Iran just proved it.
Iran and Venezuela have been moving closer together for years. The relationship began to flourish after Venezuela hosted the 2006 OPEC summit when then-Venezuelan President Hugo Chávez formed a personal Continue Reading