US Forces Seize Another Venezuelan-Linked Tanker as Trump's Oil Crackdown Continues
In a move that underscores the US government's determination to assert control over Venezuela's oil resources, the US military seized another tanker linked to the South American country on Tuesday. The motor vessel Sagitta, a Liberian-flagged tanker owned and managed by a company in Hong Kong, was apprehended without incident in the Caribbean, according to a statement from US Southern Command.
The latest seizure comes as part of the Trump administration's broader efforts to exert control over Venezuela's oil production, refining, and global distribution. The US has been seizing tankers carrying Venezuelan oil products since December 10, when the first vessel was intercepted off the coast of Venezuela. So far, six tankers have been seized in this operation, with only one exception - the Bella 1, which was captured in the North Atlantic.
The Sagitta's capture is significant because it demonstrates the US resolve to ensure that only oil produced and sold by Venezuela can leave the country. The tanker was found to be carrying oil from Venezuela, and its seizure is seen as a key step in the Trump administration's plan to revamp the country's oil industry and restore its economy.
According to President Trump, the US has already taken 50 million barrels of oil out of Venezuela and plans to sell at least 30-50 million barrels on the open market. He claimed that this effort is helping to bring down oil prices, citing "incredible" results so far.
The seizure of tankers carrying Venezuelan oil has been seen as a way for the Trump administration to generate cash while it seeks to rebuild Venezuela's battered oil industry and restore its economy. The move has been criticized by some, who argue that it is an attempt to exert control over a sovereign nation's resources without due process.
As the US continues to pursue this strategy, the implications for Venezuela's future remain unclear. One thing is certain, however - the Trump administration's determination to shape the country's oil industry and economy will have far-reaching consequences for the region and beyond.
In a move that underscores the US government's determination to assert control over Venezuela's oil resources, the US military seized another tanker linked to the South American country on Tuesday. The motor vessel Sagitta, a Liberian-flagged tanker owned and managed by a company in Hong Kong, was apprehended without incident in the Caribbean, according to a statement from US Southern Command.
The latest seizure comes as part of the Trump administration's broader efforts to exert control over Venezuela's oil production, refining, and global distribution. The US has been seizing tankers carrying Venezuelan oil products since December 10, when the first vessel was intercepted off the coast of Venezuela. So far, six tankers have been seized in this operation, with only one exception - the Bella 1, which was captured in the North Atlantic.
The Sagitta's capture is significant because it demonstrates the US resolve to ensure that only oil produced and sold by Venezuela can leave the country. The tanker was found to be carrying oil from Venezuela, and its seizure is seen as a key step in the Trump administration's plan to revamp the country's oil industry and restore its economy.
According to President Trump, the US has already taken 50 million barrels of oil out of Venezuela and plans to sell at least 30-50 million barrels on the open market. He claimed that this effort is helping to bring down oil prices, citing "incredible" results so far.
The seizure of tankers carrying Venezuelan oil has been seen as a way for the Trump administration to generate cash while it seeks to rebuild Venezuela's battered oil industry and restore its economy. The move has been criticized by some, who argue that it is an attempt to exert control over a sovereign nation's resources without due process.
As the US continues to pursue this strategy, the implications for Venezuela's future remain unclear. One thing is certain, however - the Trump administration's determination to shape the country's oil industry and economy will have far-reaching consequences for the region and beyond.