Iran has hinted at more fuel shipments to Venezuela as five Iranian tankers are arriving at the crisis-hit South American nation without impediment by the US.

According to various media outlets, Tehran said it would be willing to provide more oil to Venezuela despite Washington’s warnings against the two sanctioned countries.

"Iran practices its free trade rights with Venezuela, and we are ready to send more ships if Caracas demands more supplies from Iran," foreign ministry spokesman Abbas Mousavi said in a press conference on Monday.