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.
EghtesadOnline: The United States is adopting hostile policies toward both Iran and Venezuela but the model it is using for the Latin American country is not applicable to Tehran, given the economic, geopolitical and domestic structural differences between the two oil-rich countries, an analyst said.
EghtesadOnline: Venezuela’s embattled President Nicolas Maduro rejected an international ultimatum to call elections within eight days and said opposition leader Juan Guaido had violated the country’s constitution by declaring himself leader.
EghtesadOnline: Venezuela has opened its border with Colombia for the second time this month to allow people to cross over to shop for basic foods and medicines.