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

U.S. seizes vessel off Venezuelan coast: Reuters

Editor
Last updated: December 20, 2025 9:38 pm
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Published: December 20, 2025
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U.S. seizes vessel off Venezuelan coast: Reuters


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 instructed 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 latest weeks that the USA has seized a tanker close to Venezuela and comes amid a big U.S. navy build-up within the area.

The officers, who have been talking on the situation of anonymity, didn’t say the place the operation was going down 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 fairly than danger seizure.

For the reason that first seizure, Venezuelan crude exports have fallen sharply.

Whereas many vessels selecting up oil in Venezuela are underneath sanctions, others transporting the nation’s oil and crude from Iran and Russia haven’t been sanctioned, and a few firms, significantly the U.S.’ Chevron CVX.N, transport Venezuelan oil in their very own licensed 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 nicely equipped 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.

For the reason that 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 underneath sanctions by the U.S. Treasury, in line with knowledge from TankerTrackers.com. Of these, not less than 15 are loaded with crude and gas, it added.

Trump’s stress marketing campaign on Maduro has included a ramped-up navy presence within the area and greater than two dozen navy strikes on vessels within the Pacific Ocean and Caribbean Sea close to Venezuela, which have killed not less than 100 individuals.

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. navy build-up is aimed toward overthrowing him and gaining management of the OPEC nation’s oil sources, that are the world’s largest crude reserves.

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