Trump’s Venezuela Oil Tanker Blockade Sends Oil Prices Higher and Puts Maduro Under Fresh Pressure
President Donald Trump on Thursday ordered a “total and complete blockade” of sanctioned oil tankers moving in and out of Venezuela, escalating pressure on President Nicolás Maduro’s government. The move disrupted shipping near Venezuelan ports and lifted oil prices off recent lows. Russia and China warned of possible escalation. Tanker owners and insurers began reassessing risks in the region.