this post was submitted on 10 Dec 2025
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US forces have seized an oil tanker off the coast of Venezuela, in a major escalation of Donald Trump’s four-month pressure campaign against the South American country’s dictator, Nicolás Maduro.

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[–] W3dd1e@lemmy.zip 4 points 4 days ago* (last edited 4 days ago) (2 children)

Did they say why Venezuela would smuggle Iranian oil? I thought it was an oil rich country? I didn’t see it in the article. Maybe I missed it.

[–] MDCCCLV@lemmy.ca 3 points 4 days ago (1 children)

If so, that would be a money laundering thing where they relabel the oil as from them to avoid sanctions on iran oil export.

[–] W3dd1e@lemmy.zip 2 points 4 days ago

Okay yeah that makes sense. I didn’t think of that.

[–] ohulancutash@feddit.uk 1 points 4 days ago (1 children)

Venezuela wants to sell oil, but is under sanctions. Iran wants to buy oil, but is under sanctions.

[–] W3dd1e@lemmy.zip 1 points 3 days ago (1 children)

That makes sense. I was thinking Iran probably had oil too, but I don’t know enough about their imports/exports.

[–] ohulancutash@feddit.uk 2 points 3 days ago

Iran has the second-largest reserves in the world. However production is limited by ageing infrastructure and sanctions. It is also the second-largest oil consumer, as the cheap cost has meant there has been no incentive for efficient use.