Iran-Venezuela

Aerial view of a ship docking at an industrial port with storage tanks in North Jakarta.

China refiners turn to Russian oil as Iran faces rising uncertainty

China appears to be replacing disrupted Venezuelan oil shipments with Russian crude rather than Iranian barrels, despite steeper discounts being offered by Tehran. According to data from commodity intelligence firm Kpler, shared with Iran International, China discharged an average of 1.138 million barrels per day (bpd) of Iranian crude at its ports this month—about 115,000 […]

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Its Allies’ Falls Continue the Destruction of Iran’s Financial Capital

Venezuela’s multibillion-dollar debts to Iran have fallen into uncertainty following the arrest of Nicolás Maduro—an ally of the Islamic Republic—by the United States. Some former Iranian officials and members of parliament have cited debts of between $2 billion and $4 billion that Venezuela owed to Iran. The likely default by Venezuela comes after the December 2024 collapse

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