The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, Caracas announced amid concern in Washington over the burgeoning relationship between countries it sees as international pariahs.
Venezuela's government said it foiled a marine incursion on Sunday by “terrorist mercenaries” who attempted to enter the country on speedboats from neighboring Colombia.
Russian oil production giant Rosneft said it had ceased operating in Venezuela and transferred its assets to a company own entirely by the Russian government. The move is apparently intended to shield the company from US sanctions aimed at punishing entities that do business with the government of President Nicolas Maduro.
Venezuela has swapped millions of barrels of crude for supplies of corn and water trucks under an oil-for-food deal struck with a Mexican firm, in an effort to secure imports amid tightening U.S. sanctions, according to the company and export schedules.
The Cuban government has ordered a cement factory to burn old tyres to power its operations and save on oil, amid a worsening fuel shortage brought on by US sanctions on the Communist island.
Venezuela's state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources.
The United States imposed more sanctions on Iran on Friday in retaliation for its missile attack on US forces in Iraq this week and vowed to tighten the economic screws if Tehran continued terrorist acts or pursued a nuclear bomb.
The United States on Thursday threw its support behind negotiations in Venezuela, saying talks could establish a transitional government, lead to fresh elections and bring an end to the crisis.
The State Department announced on Thursday it was barring Cuba's defense chief from entering the US, citing what it called human rights violations in supporting the regime of Venezuelan President Nicolas Maduro.
The United States on Friday promised further sanctions to pressure Venezuela's leader Nicolas Maduro, accusing him of bribing lawmakers to block the re-election of his opponent Juan Guaido.