Maybe….just maybe…
It's because Venezuela has the largest oil reserves on Earth and the U.S. wants to loot it. pic.twitter.com/Oby3NNJ2vk
— Chris Rossini (@ChrisRossini) December 11, 2025
So this is democracy, but when the houthis do it it’s terrorism? cool. https://t.co/2efpkU3d1O
— War Monitor (@WarMonitors) December 11, 2025
U.S. may seize ‘additional’ oil tankers from Venezuela.
President Donald Trump is willing to seize more oil tankers off the coast of Venezuela, a White House official told CNBC on Thursday.
The U.S. seized a tanker on Wednesday that had allegedly transported oil from Venezuela to Iran. The action comes as Trump escalates pressure on President Nicolás Maduro.
The White House official told CNBC that the Trump administration is always looking to enforce the law.
The oil market has been focused on Ukraine peace talks and so far is not indicating a risk of a major supply disruption. U.S. crude
oil fell 86 cents, or 1.47%, to close at $57.60 a barrel. Global benchmark Brent
settled at $61.28, down 93 cents, or 1.49%.
Sources told Reuters earlier that U.S. is expected to target more ships transporting Venezuelan crude in the coming weeks. The Treasury Department updated its Venezuela sanctions list on Thursday to include more than a dozen additional people, companies and tankers.