8 d. ago US seizes fifth tanker as Trump escalates bid to control Venezuela’s oil

The US took control of its fifth oil vessel in recent weeks on Friday in the latest move tied to the Donald Trump administration’s effort to control Venezuelan oil exports. In an early morning operation, a joint US Coast Guard and Navy team launched from the carrier USS Gerald R Ford apprehended the tanker Olina in the Caribbean Sea “without incident”, according to a social media post from the US Southern Command. “The Department of War’s Operation Southern Spear is unwavering in its mission to...

Politics

8 d. ago US seizes fifth tanker as Washington escalates bid to control Venezuela’s oil

The US took control of its fifth oil vessel in recent weeks on Friday in the latest move tied to the Donald Trump administration’s effort to control Venezuelan oil exports. Friday’s operation came ahead of a meeting between Trump and American oil executives where the US president sought to convince them to commit to an investment pledge in Venezuela. “At least 100 Billion Dollars will be invested by BIG OIL, all of whom I will be meeting with today at The White House,” he said on social media...

Events

1 week ago US says it will take control of Venezuela oil sales indefinitely

Expanding on the US administration’s increasingly robust view of foreign energy and security policy, a senior US official said on Wednesday that Washington expects to take control of future Venezuelan oil sales until further notice and use the proceeds to rebuild the nation’s beleaguered economy. The comments add to the conflicted messaging from US President Donald Trump’s administration on how it plans to run Venezuela following Saturday’s military strike that saw Nicolas Maduro and his wife...

Politics

1 week ago US says it will take control of Venezuela oil sales indefinitely after seizing tankers

Expanding on the US administration’s increasingly robust view of foreign energy and security policy, a senior US official said on Wednesday that Washington expects to take control of future Venezuelan oil sales until further notice and use the proceeds to rebuild the nation’s beleaguered economy. The comments add to the conflicted messaging from US President Donald Trump’s administration on how it plans to run Venezuela following Saturday’s military strike that saw Nicolas Maduro and his wife...

Events

1 week ago US seizes oil tankers as it moves to take control of Venezuela’s oil sales indefinitely

The US captured two oil tankers on the high seas as a senior US official said on Wednesday that Washington expects to take control of future Venezuelan oil sales indefinitely and use the proceeds to help America and rebuild the nation’s beleaguered economy. The seizure of the vessels, including one after a two-week chase, comes as US President Donald Trump’s administration takes an increasingly aggressive approach to foreign energy and security policy. Since Nicolas Maduro and his wife, Cilia...

Events

1 week ago If the US seizes control of Venezuela’s oil, who wins – and who loses?

After US air strikes hit Caracas on Saturday, Venezuelan leader Nicolas Maduro and his wife were detained and transferred to the United States. US President Donald Trump later said his country planned to “run” Venezuela for the time being and take control of its oil reserves. In the wake of the military operation, the Post examines the potential winners and losers in the global oil market. Who are the winners? The US stands to be the biggest beneficiary. One immediate implication could be...

Politics

2 w. ago US sanctions Chinese companies and tankers with Venezuela links

The Trump administration stepped up a pressure campaign against Venezuela’s oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of evading restrictions. The US Treasury Department’s Office of Foreign Assets Control on Wednesday added four companies with links to Venezuela’s oil industry – Zhejiang-based Corniola and Hong Kong-based Aries Global Investment, Krape Myrtle Co and Winky International – to its specially designated...

Events