Iran, Mexico, oil and the sourcing of Venezuela’s food — Panjiva
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Iran, Mexico, oil and the sourcing of Venezuela’s food

Ags - Grains/Beans 310 Consumer Staples 790 ESG 61 Energy - Crude Oil 305 Iran 36 Mexico 915 Programmatic 34 Sanctions 170 Venezuela 68

Iran has threatened to retaliate against U.S. shipping if the U.S. blocks Iranian tankers bound for Venezuela. Shipments of oil and food to Venezuela remain fragile in the wake of U.S. sanctions. Panjiva’s data shows Venezuelan imports are dominated by foodstuffs including soybean oil and rice among the top products imported in 2019. Mexico’s President, Andres Manuel Lopez Obrador, has indicated Mexico could step in with oil and food for Venezuela on humanitarian grounds though recently applied U.S. sanctions may change that position. Historically Mexican exports to Venezuela have focuse...

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