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"Quite a buffet": U.S. ready to seize more tankers with Venezuelan oil

"Quite a buffet": U.S. ready to seize more tankers with Venezuelan oil

Summary

The U.S. plans to seize more oil tankers filled with Venezuelan oil as part of President Trump’s strategy to pressure Venezuela's leader, Nicolas Maduro. This move follows the first-ever U.S. seizure of an oil tanker in international waters. The U.S. may also impose more sanctions on vessels operating in Venezuela.

Key Facts

  • The U.S. aims to seize oil tankers off Venezuela as part of its new strategy against Nicolas Maduro's government.
  • President Trump has authorized actions, like the recent seizure of the Skipper tanker in international waters.
  • There are up to 18 oil-laden ships in Venezuela's waters; eight are large tankers similar to the Skipper.
  • The U.S. Treasury Department has added more vessels and individuals linked to Venezuela's oil industry to a sanctions list.
  • Venezuela’s airspace is largely closed, affecting its second-largest export, gold.
  • The U.S. military's Operation Southern Spear is targeting narcotics trafficking but also aims for regime change in Venezuela.
  • Venezuela accuses the U.S. of "international piracy" after the Skipper tanker was seized.
  • Venezuelan oil is often shipped via a "shadow fleet" to avoid sanctions from the U.S. and Europe.

Source Information