US Sanctions Fail to Stop Venezuela's Oil Exports
Update: 2025-12-23
Description
Despite US sanctions and a naval blockade, Venezuelas oil exports remain steady, with over a dozen tankers loaded since December. The US has stepped up enforcement, boarding a non-sanctioned ship and seizing oil from seized ships. Chevron, under a special license, has loaded three tankers, while Venezuelas output remains low, keeping oil prices stable.
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