Venezuela and Iran Buck U.S. Sanctions Again to Export Crude
- An Iran-flagged tanker is loading Venezuelan crude oil
- Tehran has supplied food and gasoline as cooperation thrives
Source: Anadolu Agency via Getty Images
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After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its crude.
The Iran-flagged supertanker Honey, also known as Horse, is loading Venezuela’s top exported grade Merey 16 at Venezuela’s government-controlled port of Jose, according to a shipping report seen by Bloomberg. The shipments give some respite to the nation’s hobbled oil industry, as most shipowners avoid doing business with the country for fear of sanctions.