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Iran Sending Oil to Venezuela
By Micah Halpern

Friday May 15, 2020

I've Been Thinking:

Iran has sent five oil tankers filled with unrefined oil to Venezuela. The first tanker left Iran in March and made its way through the Suez Canal and into the Atlantic Ocean. Four more have departed and are on their way.

All five tankers are being tracked via GPS and satellite. They are being tracked by oil tracking companies.

The tankers are obviously violating the sanctions imposed upon Iran. And they do not care.

The question begs asking: Why is Iran sending oil to Venezuela, one of the largest producers of oil in the world?

The easy answer is: Sanctions.

There are only a limited few countries that Iran or Venezuela can import from and export to. They are North Korean, Syria and Cuba.

Iran does very little refining of oil. Venezuelan refineries have been slowed down and even shut down because of the sanctions. These shipments will allow Venezuela to start refining again.

The West, especially the United States, is going to increase pressure and call Iran and Venezuela out on this violation.

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17 May 2020 12:17 AM in Thoughts

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