Trump Orders Ban on Sanctioned Oil Tankers Traveling to and From Venezuela
The ban targets about 30 sanctioned 'ghost ships' on the U.S. Treasury list to enforce sanctions and pressure Maduro's government, with a recent Coast Guard seizure reported.
- Recently, President Donald Trump ordered a ban on sanctioned oil tankers entering and leaving Venezuela, targeting only vessels on the U.S. Treasury sanctions list.
- The U.S. Treasury Department has tracked so-called `ghost ships` used to evade sanctions, and TankerTrackers said recently that around 30 of the 80 oil tankers near Venezuela were on that list.
- The U.S. Coast Guard seized a fully loaded tanker just last week, one tanker carries about $100 million in oil, and the U.S. military has at least a dozen warships with around 15,000 troops in the region.
- President Nicolás Maduro said Venezuela's oil trade won't be stopped, and the Venezuelan defense minister called the U.S. threat an `act of aggression`; a full blockade is considered an act of war amid nearby U.S. military presence.
- Venezuela depends on oil and production has dropped dramatically in recent years, while U.S. oil company Chevron produces about a quarter to a third of roughly a million barrels a day.
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12 Articles
The objective of Trump's drip-drip Venezuela strategy
President Donald Trump is adopting a positive strategy toward removing Venezuelan dictator Nicolas Maduro from power. By gradually escalating pressure on Maduro’s regime without directly using U.S. military force against it, Trump increases the probability of an internal coup d’etat. Recent days have seen continued U.S. strikes against narco-trafficking boats, the U.S. seizure of a sanctioned oil tanker carrying Venezuelan oil, ongoing flights b…
U.S. President Donald Trump announced on Tuesday that he ordered the blockade of all “sanctioned oil ships” to go to Venezuela as the U.S. Armed Forces’ presence increases off the coast of that country. For his part, Nicolás Maduro’s government said the measure is “absolutely irrational” and violates free trade and navigability. In this regard, he said Wednesday that his crude exports remain “normal.” Trump’s order raised global uncertainty and …
U.S. President Donald Trump yesterday demanded that Venezuela return the assets that, he said, seized from U.S. oil companies years ago, in an attempt to again justify his announcement of a "blockage" against oil tankers traveling to or from the South American country and facing U.S. sanctions. Trump cited the loss of U.S. investments in Venezuela when asked about his new tactic in his pressure campaign that has been going on for months against …
The President of the United States, Donald Trump, said that in Venezuela “they illegally took” U.S. oil and now they want to recover it, in a new statement that has been repeatedly discredited by Caracas. “Remember: they took away all our energy rights. They took away all our oil not long ago and we want it back. They took it illegally,” he told the press. Trump said after recognizing that his government’s recent actions are set up in a “block” …
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