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Venezuela

  • EghtesadOnline: Iran’s Embassy in Caracas has announced via Twitter that a direct shipping line has been established between Iran and Venezuela, with a ship set to depart every three months.

  • EghtesadOnline: The US envoy for Iran, Brian Hook, is leaving his post and US special representative for Venezuela, Elliott Abrams, will add Iran to his role “following a transition period” with Hook, US Secretary of State Mike Pompeo said on Thursday.

  • EghtesadOnline: Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its Venezuela operations due to the US sanctions.

  • EghtesadOnline: President Hassan Rouhani described the harsh pressure being exerted by the United States on Iran and Venezuela as a crime against humanity, saying the two independent nations will continue to stand up to the oppression.

  • EghtesadOnline: Foreign Minister Mohammad Javad Zarif arrived in Caracas, Venezuela, early on Saturday to address a high-level meeting of Non-Aligned Movement.

  • EghtesadOnline: OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters survey found.

  • EghtesadOnline: The imposition of "unilateral coercive measures" on Cuba, Venezuela and Iran by the United States violates human rights and international norms, an expert appointed by the UN Human Rights Council said on Monday.

  • EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said Monday US sanctions on Iran and Venezuela plus the renewed military conflict in Libya are contributing to instability in the international oil markets.

  • EghtesadOnline: Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.

  • EghtesadPnline: Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.