Published by Alexander Bueso on 5th June 2022
(Sharecast News) - The White House appears set to allow Iran and Venezuela to export more oil in response to fuel shortages in the West. With that aim in mind, the US may allow Italy's Eni and Spain's Repsol to send Venezuelan oil to Europe possibly by as soon as in the following month. According to an executive from oil trader Vitol, the Biden administration may also permit Tehran to export its oil even if the country does not provide more assurances regarding its nuclear programme. - The Sunday Telegraph