US EditionWhat to Know About Venezuela’s ‘Dark Fleet’ of Oil Tankers Amid US Blockade
The U.S. blockade targets about 40% of tankers carrying Venezuelan oil, complicating exports as more than 400 vessels have moved oil since 2019, analysts said.
- On Wednesday, President Donald Trump ordered a blockade on sanctioned oil tankers near Venezuela, with officials not immediately clarifying its scope.
- More than 400 tankers have moved Venezuelan oil since 2019, with about 40% sanctioned, amid a larger 'dark fleet' disguising locations to trade oil illicitly, TankerTrackers.com noted.
- Recently, several tankers turned around, Kpler said, as U.S. seizure of a sanctioned tanker in the Caribbean Sea has made fleet operators more reluctant and cautious.
- Markets reacted with U.S. oil trading around $56 a barrel Wednesday after the blockade announcement, while Chevron continues to export Venezuelan oil under a U.S. license and other Western firms report non-payment.
- The blockade will almost certainly reduce Venezuela's export capacity, but analysts say it targets designated vessels only, leaving some export avenues despite about 40% of tankers sanctioned.
111 Articles
111 Articles
Associated Press News
Trump's blockade of sanctioned Venezuelan oil raises new questions about legality
President Donald Trump’s “blockade” of sanctioned oil tankers off Venezuela’s coast is raising new concerns about the legality of his military campaign in Latin America.
The US President has targeted Venezuela. With a blockade of the shadow fleet from tankers, he wants to overthrow the socialist regime – and secure access to the valuable raw materials.
The failure of the oil revenues will hit Venezuela's dictator Nicolás Maduro hard, but what happens if he doesn't withdraw anyway?
Venezuela Mounts Full-State Rejection to Trump's Blockade Threat, Gains International Backing
Caracas (OrinocoTribune.com)—In an escalation of the US empire's ongoing illegal sanctions on Venezuela, President Donald Trump has announced a "full blockade" of the sovereign nation and its oil tanker fleet. He claimed the measure would remain in place until Venezuela "returns all the oil, land, a
Tankers under sanction are only a subset of fleet moving Venezuelan oil
President Donald Trump’s blockade on oil tankers under sanction near Venezuela will almost certainly make it more difficult for the country to export oil. But it was unclear Wednesday how sweeping the prohibition would prove to be.
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