Under U.S. sanctions, Iran and Venezuela sign 20-year cooperation plan

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Reuters

(Reuters) -Iran and Venezuela, oil producers grappling with crippling U.S. sanctions, signed a 20-year cooperation plan in Tehran on Saturday, with the Islamic Republic’s supreme leader saying the allies would continue to resist pressure from Washington. The signing ceremony, carried by Iranian state TV, was overseen by Iranian President Ebrahim Raisi and his Venezuelan counterpart Nicolas Maduro and took place at the Saadabad Palace in north Tehran. The plan includes cooperation in the fields of oil, petrochemicals, defence, agriculture, tourism, and culture. It also includes repair of Venezu…

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