US EditionTrump administration seizes oil tanker off Venezuela coast, US officials say
The U.S. Coast Guard led the seizure of the largest sanctioned oil tanker ever near Venezuela as part of efforts to enforce sanctions and target drug trafficking networks.
- Reuters reported Tuesday that U.S. officials said the administration seized an oil tanker off Venezuela's coast, with President Donald Trump confirming the action Wednesday.
- Amid a massive military build-up including the USS Gerald R. Ford aircraft carrier, the Trump administration intensified pressure on President Nicolas Maduro in recent weeks.
- Anonymous U.S. officials said the interdiction was led by the U.S. Coast Guard with U.S. Navy support under law enforcement authority, but officials did not name the tanker or disclose the location.
- Markets reacted as oil futures rose 56 cents to $58.93 per barrel after the seizure, and Matt Smith said `Shippers will likely be much more cautious and hesitant about loading Venezuelan crude going forward`.
- The move could constrain Venezuela's oil exports, complicating its main revenue as the country exported more than 900,000 barrels per day last month and sells most output at a steep discount to refiners in China.
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Washington reports the seizure of an oil tanker in front of Venezuela. The operation exacerbates the tensions with Maduro.
The United States has seized an oil tanker off the coast of Venezuela, according to President Donald Trump. Now Venezuela is accusing him of theft.
U.S. seizes oil tanker off coast of Venezuela, officials say
The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, U.S. President Donald Trump said on Wednesday, a move that sent oil prices higher and sharply escalated tensions between Washington and Caracas.
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