Trump Blocks Venezuela Oil Tankers, Escalates Tensions
Update: 2025-12-17
Description
President Trump imposes oil blockade on Venezuela, aiming to pressure Maduros government. U.S. crude futures rise as Venezuelan exports potentially decrease. Embargo already in place due to seized tanker and cyberattack. Oil market well-supplied, but loss of nearly one million barrels a day could push prices higher. Tensions escalate with U.S. military presence and Maduros accusations of regime change attempts.
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