Iran Is Increasing Its Influence in Venezuela. Watch Out, U.S.

This authoritarian partnership has the potential to fundamentally threaten the region’s stability.

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Then–Venezuelan President Nicolás Maduro and then–Iranian President Ebrahim Raisi attend a news conference in Tehran, Iran, June 11, 2022.

President Website/WANA (West Asia News Agency)/Handout via Reuters

Since the fall of 2020, I have been writing about the growing relationship between the Venezuelan regime of Nicolás Maduro and Iran’s theocracy — formerly headed by Hassan Rouhani, now by Ebrahim Raisi.

At the time, I explained how the Iranians were helping the Maduro regime circumvent American energy sanctions, and how in exchange, they were asking for greater control over Venezuela’s oil industry and other of its key strategic economic sectors.

Jorge Jraissati

About the Author

Jorge Jraissati

Jorge Jraissati is the president of the Economic Inclusion Group, an expert on the intersection of foreign policy with economics and finance, and an influential voice in his home country, Venezuela.

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