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 off Venezuela, part of a campaign targeting drug trafficking and Maduro's regime, officials said.
- 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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237 Articles
Washington reports the seizure of an oil tanker in front of Venezuela. The operation exacerbates the tensions with Maduro.
'Nothing is stopping him': Veteran calls Trump's tanker seizure a 'significant escalation'
Veterans of America CEO Paul Rieckhoff likened President Donald Trump's recent seizure of a Venezuelan oil tanker as an official announcement that he can take other nations' property with impunity “You and I have talked for months about this,” Reickoff told MS NOW anchor Nicolle Wallace on Wednesday. “I think the biggest story in the world is that Donald Trump can do anything he wants with the most powerful military the world has ever seen, and …
US President Donald Trump announced that the US had seized a tanker off the coast of Venezuela. "We seized it for a very good reason," he told reporters, adding that the vessel and the oil on board would likely be kept.
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