Economics
Venezuela Urges OPEC to Unite Against Sanctions
- Country writes letter to fellow members of group, echoing Iran
- U.S. pressing OPEC to boost oil supply as markets tighten
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Venezuela wrote to fellow OPEC members urging them to unite against U.S. sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter.
The two countries requested that the Organization of Petroleum Exporting Countries should discuss the impact of American sanctions at its upcoming meeting on June 22, the people said. Both nations asked for support from fellow producers, invoking the terms of OPEC’s statutes.