On October 29, the Justice Department announced that it had seized Iranian weapons bound for Yemen and sold 1.1 million barrels of Iranian oil bound for Venezuela. The government also unsealed two civil forfeiture complaints for the goods, which were intercepted in 2019 and 2020. The seizures were part of the Trump administration’s efforts to…
DUBAI, June 1 (Reuters) – Iran will continue oil shipments to Venezuela if Caracas requests more supplies, the Iranian Foreign Ministry spokesman said on Monday, despite Washington’s criticism of the trade between the two nations which are both under U.S. sanctions. “Iran practices its free trade rights with Venezuela and we are ready to send…
Venezuela President Nicolás Maduro – REUTERS It’s come to this: Venezuelan dictator Nicolás Maduro is now sending a good chunk of the nation’s gold to Iran in exchange for help propping up the decrepit oil industry. At least nine tons of gold, worth about $500 million, flew off to Iran last month, government officials told Bloomberg…