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Trump Orders Full Blockade of Sanctioned Oil Tankers To and From Venezuela

Oil prices edge higher on fears of disrupted Venezuelan exports.

Overview

  • Trump announced the order on Truth Social, asserting the Maduro government funds criminal activity and has been designated a foreign terrorist organization.
  • Caracas condemned the move as irrational and a horrible threat and appealed to the U.N. Security Council over what it called state‑sponsored piracy in a recent U.S. tanker seizure.
  • U.S. forces detained a sanctioned tanker off Venezuela days ago after a regional buildup that deployed thousands of troops and about 12 warships, including an aircraft carrier.
  • Implementation remains unclear, with questions over which agencies would intercept ships and what legal scope the blockade will have.
  • Tankers have stayed in territorial waters and a cyberattack on PDVSA systems has compounded export declines, while U.S. crude futures rose more than 1% and analysts warn sustained enforcement could remove nearly 1 million barrels per day from supply.