Venezuela And Iran Buck U.S. Sanctions Again To Export Crude

Bloomberg  After defying U.S. sanctions by shipping its first cargo of oil to Venezuela just last week, Iran is using the same ship to help the Latin American country export crude. The Iran-flagged supertanker Honey, also known as Horse, is loading Venezuela’s top exported grade Merey 16 at Venezuela’s government-controlled port of Jose, according to a shipping report seen by Bloomberg. The shipments offer some relief to the nation’s hobbled oil industry, as most shipowners and oil traders shun business with the country for fear of sanctions.

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