July 13, 2024

Paull Ank Ford

Business Think different

Iran Leverages Oil to Court Other U.S. Rivals During Pandemic

Isolated in the midst of a world-wide pandemic, Iran is using its sanctioned oil and energy know-how to garner favor and economic get from two other nations shunned by the U.S.: Syria and Venezuela.

Iran is providing some of its unsold oil to Syria in exchange for increased diplomatic influence in the region and bartering its crude-refining know-how for gold with Venezuela, in accordance to individuals near to the 3 governments.