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Venezuela on Wednesday said its navy and air force would escort Iranian tankers arriving with much needed fuel, after Tehran warned of "consequences" if the US stopped the ships from reaching their destination. "We're ready for whatever, whenever," President Nicolas Maduro told state-run media, thanking "all the support" from its Middle East ally in its confrontation with the United States. Venezuela has the world's largest proven oil reserves, but its capacity to refine crude into gasoline is limited.

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