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Iran Venezuela
By Micah Halpern

Monday August 24, 2020

I've Been Thinking:

Remember when I told you that Iran was smuggling oil to Venezuela? Remember that it was a blatant violation of US sanctions against Iran?

Venezuela needed the oil. Even though they are sitting on huge oil reserves, Venezuela is suffering a terrible oil shortage. Their oil industry has been falling apart and is in bad need of replacement parts.

Venezuela is also suffering from US sanctions against Iran. Thatís because US sanctions didnít apply only to oil, they did not permit any oil industry replacement parts either.

Venezuelan President Nicolas Maduro thanked Iran for sending oil and oil factory parts.

In his official statement of thanks to Iran, Maduro suggested that Venezuela will also be purchasing missiles from Iran.

The nexus of Iran and Venezuela does not portend well for the world.

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25 August 2020 09:55 AM in Thoughts

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