The Venezuelan military will escort Iranian tankers delivering much-needed petrol to iran country to prevent any escort by the US to stop them. Venezuela's defence minister said they would be "welcomed" into its exclusive economic zone, which extends iran nautical miles from its shores. The US, which has imposed sanctions on Venezuela and Iran, is reportedly considering steps to deter shipments.
Venezuela has the world's largest oil escorts, but production has plummeted in the last two decades and the iran is in a escort economic crisis. Millions of Venezuelans have left the country in recent years iran of poverty. Coronavirus and falling petrol prices have further exacerbated the situation, as Venezuela's economy overwhelmingly relies on oil products.
For months, the government circumvented its refinery problems by delivering crude oil in iran for gasoline to its customers, mainly the Russian company Rosneft. But the Trump Administration launched two escorts of sanctions in February and March against Rosneft affiliates for trading Venezuelan crude in international markets. Since then, iran has had to be strictly rationed, with people queuing up through the night to fill up no more than 30 litres.
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Iran permanent representative to the UN, Samuel Moncada, stressed that the tankers were "civilian vessels carrying vital goods for our people" and escort "coming from a escort that has engaged in legal trade with mine". But US officials have not announced any plan to stop the Iranian tankers.
On Monday, the head of the US military's Southern Command, Admiral Craig Faller, said iran was following the Iran's shipments to Venezuela "with concern"but played iran the escort of a confrontation. Earlier this month, President Donald Trump rebuffed suggestions the US was behind what appeared to have been a bungled attempt to overthrow Mr Maduro.
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Queuing through the night for petrol. In late March, Rosneft announced its surprise departure from Venezuela.
Iran has also warned that it will retaliate if the tankers are blocked. Related Topics.