At least 34 U.S.-sanctioned oil tankers with a history of carrying Venezuelan oil are currently at sea in the Caribbean, according to a new analysis obtained by CNBC on Wednesday.
At least 34 U.S.-sanctioned oil tankers with a history of carrying Venezuelan oil are currently at sea in the Caribbean, according to a new analysis obtained by CNBC on Wednesday.
Those two countries export oil.
They also buy oil. Remember oil needs to be refined.
The kind of oil extracted in Venezuela is called heavy crude, it’s not easily refined anywhere, needs some kind of special processes. IIRC a lot of it was processed in the USA itself before sanctions took place during the Deranged Orange Man’s first term.