AP

US Closes In On Venezuelan Oil With Tanker Seizures And Eased Sanctions

(AP) — In its latest move to assert control over Venezuelan oil, President Donald Trump’s administration on Wednesday seized a pair of sanctioned tankers transporting petroleum and announced plans to “selectively” remove some sanctions so the U.S. can oversee the sale of Venezuela’s petroleum worldwide.

The seizures of the tankers in the North Atlantic and the Caribbean Sea reflect the Republican administration’s determination to enforce an existing oil embargo on Venezuela as Trump has pledged the U.S. will “run” the country following the ouster of President Nicolás Maduro.

Venezuela holds the world’s largest proven reserves of crude oil. What of it that’s now transported in and out of the country will be through channels consistent with U.S. law and national security interests, the U.S. Energy Department said.

That level of control could give the Trump administration a tight hold on oil supplies globally in ways that could enable it to influence prices.

Related posts

Ohio’s 20-week abortion ban in effect, unchallenged in court

AP News

US Flu Activity Fell For A Second Week. But Experts Worry The Season Is Far From Over

AP News

Mishawaka police fatally shoot man after he fired at officers

AP News

Leave a Comment