23 Nov 2024
Wednesday 13 February 2019 - 15:09
Story Code : 338336

One potential beneficiary of US sanctions on Venezuela: Iran

The Wall Street Journal | Benoit Faucon: The Trump administrations sanctions on Venezuelan crude complicate its effort to bring Irans 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 Nicols Maduro in late January, just two months after it implemented an embargo on Irans oil exports.

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