Iran Is Sending A Massive Fleet Of Oil Tankers To Venezuela

Citing unnamed sources, Bloomberg is reporting today that Iran is dispatching a 10-ship flotilla of fuel to Venezuela in defiance of US sanctions and threats https://t.co/7VEhfHGJjH

— Borzou Daragahi 🖊🗒 (@borzou) December 5, 2020

Bloomberg: Biggest Iranian Flotilla Yet En Route to Venezuela With Fuel 

(Bloomberg) -- Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. 

Some of the flotilla of about 10 Iranian vessels will also help export Venezuelan crude after discharging fuel, the people said, asking not to be named because the transaction is not public. 

The Nicolas Maduro regime is widening its reliance on Iran as an ally of last resort after even Russia and China have avoided challenging the U.S. ban on trade with Venezuela. 

The country’s fuel crunch follows decades of mismanagement, corruption and under-investment at state-owned Petroleos de Venezuela since the time of Maduro’s late mentor and predecessor, Hugo Chavez.

Read more .... 

Update #1: Iran sends biggest ever fleet of oil tankers to Venezuela (Al Jazeera) 

Update #2: The 'Biggest Ever' Flotilla Of Iranian Tankers Is En Route To Venezuela With Fuel (Zero Hedge) 

WNU Editor: Fuel is not the only business that Iran and Venezuela are conducting .... U.S. Military: Iran Is Sending Arms And Troops To Help Venezuela (Forbes).