Jackie Northam
👤 SpeakerAppearances Over Time
Podcast Appearances
The third step will be transition, but Rubio gave no details.
Secretary Rubio said step one, stabilization, involves quarantine for Venezuela's oil.
Venezuela currently can't move its oil because of sanctions.
Rubio says the plan is to sell off sanctioned oil and distribute the profits.
Rubio says the second step will be recovery, involving opening Venezuelan markets and national reconciliation.
The third step will be transition, but Rubio gave no details.
Thousands of people have taken to the streets in several cities across Iran over the past few days to protest the economy.
Inflation is above 40 percent, the country's currency has plummeted to a record low, and international sanctions have smothered investment.
Many businesses have shuttered during this week's protests, and students have joined the demonstrations.
Security forces are starting to crack down.
Videos on social media show them firing tear gas into the crowds.
Iran's moderate president, Massoud Pazeshkian, is urging the regime to listen to what he calls the legitimate demands of the protesters.
Well, what started this round of protests was, as you say, the economy, which is in very bad shape.
You know, Iran has struggled under sanctions for more than a decade.
And because of that, its oil exports, which are the lifeblood of the country's economy, are sharply curtailed.
And so, too, is investment.