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Iran and Venezuela strike oil deal amid US sanctions
Iran and Venezuela have struck an oil deal amid U.S. sanctions on the countries, five people with knowledge of the deal told Reuters.
Petróleos de Venezuela (PDVSA) and National Iranian Oil Company (NIOC) struck the deal that is set to last for six months but could be extended longer, one person told the outlet.
In the deal, PDVSA would receive condensate to dilute its oil and NIOC will get shipments of oil to sell to Asia, the people said.
The Treasury Department told Reuters in an email that the trade could violate U.S. sanctions on both countries.
https://thehill.com/policy/international/573931-iran-and-venezuela-strike-oil-deal-amid-us-sanctions?amp&__twitter_impression=true