Iran could send two or three gasoline cargoes under regular sales to ally Venezuela in order to offload the domestic oversupply.
- However, many industry experts anticipate that Iran is now risking a further retaliation from the United States, which has imposed several trade restrictions on Venezuela and Iran.
- Since April 2020, Iran has sent five tankers of gasoline, totalling ~ 5 million barrels.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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