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[Markets] Iranian Tankers To Reach Venezuela In Next 24 Hours Amid "Threat Of Imminent Military Force By US" Iranian Tankers To Reach Venezuela In Next 24 Hours Amid "Threat Of Imminent Military Force By US" Tyler Durden Sat, 05/23/2020 - 14:55

By as early as the evening on Saturday or Sunday morning it's expected that the first among the five Iranian tankers transporting fuel to gasoline-starved Venezuela will enter the Latin American country's coastal waters.

Maduro officials have issued an emergency notice to the United Nations of an illegal "threat of imminent use of military force by the United States."

And with Washington threatening to block what it deems "sanctions-busting" by two "rogue states" - both under severe sanctions - Iranian President Hassan Rouhani has issued his own last minute warning. 

“If our tankers in the Caribbean or anywhere in the world face trouble caused by the Americans, they [the United States] will also be in trouble,” Rouhani told the Emir of Qatar in a phone call, Tasnim News reported.

The Maduro government said days ago that it would send a military escort in the form of planes and ships once the tankers enter Venezuela's Exclusive Economic Zone (EEZ), or within 200 miles of the coast. 

Rouhani expressed hope there wouldn't be a showdown or conflict, however, amid prior reports of a Trump-ordered US 'naval build-up' in the Caribbean, in part to crackdown on what the administration has referred to Maduro's narcotrafficking operations in the region.

The Iranian oil tanker Clavel headed through the Strait of Gibraltar earlier this month, via AP.

“We hope the Americans will not make a mistake,” Rouhani stressed further to Qatar’s head of state, Tamim bin Hamad Al Thani. Iran previously warned that any US attempt at intercepting its fuel tankers "would have serious repercussions for the Trump administration ahead of the November elections"

Venezuelan Defense Minister Vladimir Padrino upped the ante Wednesday in vowing the military escort will be prepared to defend the ships in the face of any potential American intervention:

“When they enter our exclusive economic zone, they will be escorted by Bolivarian National Armed Forces boats and planes to welcome them in and thank the Iranian people for their solidarity and cooperation,” Padrino said on state television.

He underscored that he was closely coordinating with Iran's defense minister, also after Washington has focused on the sanctioned Iranian airline Mahan Air's flights in and out of Caracas of late, said to be carrying vital equipment for Venezuela's derelict fuel refineres, needed for domestic gas consumption. 

The US has lately accused nefarious outside state actors of helping to facilitate the scheme to 'smuggle' gold out of Caracas as payment for the inbound Iranian gasoline as well as refining supplies and support. Pompeo even threw China in the mix in statements made Tuesday.

Meanwhile, many pundits are warning of a clash in the Caribbean, given the presence of US Navy ships. Sparks could could fly in a new 'tanker wars' conflict, akin to last summer's Persian Gulf and Mediterranean tit-for-tat tense exchanges, but this time in America's 'backyard' of the Caribbean and Latin American coastline.

Published:5/23/2020 2:16:35 PM
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