Iran and Venezuela share many similarities. Recent political revolutions have brought in anti-US governments. They are Opec’s two most powerful price hawks, and they are increasing their links through industry and a shared bank.
Their similarities and links, however, are in opposition to one big difference in their economic policies: Iran is privatizing assets as fast as Venezuela is nationalizing them.
The latest nationalizations in Venezuela include one of the country’s biggest banks, which was owned by Santander.
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