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Home»Stock Market»U.S. seizes vessel off Venezuelan coast: Reuters
Stock Market

U.S. seizes vessel off Venezuelan coast: Reuters

EditorBy EditorDecember 20, 2025No Comments3 Mins Read
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Authorities supporters take part in a protest in opposition to U.S. President Donald Trump’s order to blockade sanctioned oil tankers getting into and leaving Venezuela, in Caracas, Venezuela December 17, 2025.

Leonardo Fernandez Viloria | Reuters

America is interdicting and seizing a vessel off the coast of Venezuela in worldwide waters, three U.S. officers advised Reuters on Saturday, a transfer that comes simply days after U.S. President Donald Trump introduced a “blockade” of all sanctioned oil tankers getting into and leaving Venezuela.

This could mark the second time in current weeks that the US has seized a tanker close to Venezuela and comes amid a big U.S. army build-up within the area.

The officers, who have been talking on the situation of anonymity, didn’t say the place the operation was happening however added the Coast Guard was within the lead.

The Coast Guard and Pentagon referred inquiries to the White Home, which didn’t instantly reply to a request for remark. Venezuela’s oil ministry and state oil firm PDVSA didn’t instantly reply to requests for remark.

“I’m ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela,” Trump mentioned on Tuesday.

Within the days since U.S. forces seized a sanctioned oil tanker off the coast of Venezuela final week, there was an efficient embargo in place, with loaded vessels carrying thousands and thousands of barrels of oil staying in Venezuelan waters quite than danger seizure.

Because the first seizure, Venezuelan crude exports have fallen sharply.

Whereas many vessels choosing up oil in Venezuela are beneath sanctions, others transporting the nation’s oil and crude from Iran and Russia haven’t been sanctioned, and a few corporations, notably the U.S.’ Chevron CVX.N, transport Venezuelan oil in their very own approved ships.

China is the most important purchaser of Venezuelan crude, which accounts for roughly 4% of its imports, with shipments in December on observe to common greater than 600,000 barrels per day, analysts have mentioned.

For now, the oil market is properly provided and there are thousands and thousands of barrels of oil on tankers off the coast of China ready to dump. If the embargo stays in place for a while, then the lack of practically 1,000,000 barrels a day of crude provide is prone to push oil costs increased.

Because the U.S. imposed power sanctions on Venezuela in 2019, merchants and refiners shopping for Venezuelan oil have resorted to a “shadow fleet” of tankers that disguise their location and to vessels sanctioned for transporting Iranian or Russian oil.

The darkish or shadow fleet is taken into account uncovered to attainable punitive measures from the U.S., delivery analysts have mentioned.

As of this week, of greater than 70 oil tankers in Venezuelan waters which are a part of the shadow fleet, round 38 are beneath sanctions by the U.S. Treasury, in response to knowledge from TankerTrackers.com. Of these, a minimum of 15 are loaded with crude and gas, it added.

Trump’s stress marketing campaign on Maduro has included a ramped-up army presence within the area and greater than two dozen army strikes on vessels within the Pacific Ocean and Caribbean Sea close to Venezuela, which have killed a minimum of 100 folks.

Trump has additionally mentioned that U.S. land strikes on the South American nation will quickly begin.

Venezuela’s President Nicolas Maduro has alleged that the U.S. army build-up is aimed toward overthrowing him and gaining management of the OPEC nation’s oil assets, that are the world’s largest crude reserves.

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