Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année
The Perfect Holiday Gift Gift Now

Trump orders blockade of sanctioned oil tankers in and out of Venezuela

Mint Bangalore

|

December 18, 2025

U.S. president's announcement escalates pressure on the country's leader, Nicolás Maduro

- Vera Bergengruen, Kejal Vyas, & Costas Paris

Trump orders blockade of sanctioned oil tankers in and out of Venezuela

The extent of U.S. military involvement in implementing a blockade and number of tankers it will affect are unclear.

(REUTERS)

President Trump on Tuesday ordered a "total and complete blockade" of all sanctioned oil tankers entering and leaving Venezuela, in a major escalation of his pressure campaign against the country's leader, Nicolás Maduro.

"Venezuela is completely surrounded by the largest Armada ever assembled in the History of South America," Trump posted on Truth Social, referring to U.S. warships, planes and thousands of troops deployed to the region.

He threatened the U.S. military presence would "only get bigger, and the shock to them will be like nothing they have ever seen before" unless Maduro's regime returned "Oil, Land, and other Assets that they previously stole from us," an apparent reference to Venezuela's nationalization of U.S.-linked holdings in the country. In recent weeks, Trump has threatened to carry out land strikes in Venezuela.

It was unclear how many tankers would be affected, and to what extent the U.S. military would be involved in implementing such a blockade. The White House didn't immediately respond to a request for comment.

The announcement comes days after the U.S. seized a tanker full of Venezuelan crude, and the White House indicated there would be more ship seizures. The threat has left tankers stuck off the coast of Venezuela, with shipping data showing some vessels making U-turns rather than risk being interdicted.

Venezuela's government, which in recent years has used Iranand Russia-linked tankers to evade U.S. sanctions that bar the trading of Venezuelan crude, slammed last week's seizure as blatant theft and Tuesday's blockade order.

PLUS D'HISTOIRES DE Mint Bangalore

Mint Bangalore

Mint Bangalore

China's export boom hurts the job prospects of Asia’s Gen-Z

Manufacturing jobs are vanishing as cheap Chinese goods flood in

time to read

3 mins

December 19, 2025

Mint Bangalore

Mint Bangalore

RBI clean-up forces rethink on NBFC-fintech co-lending

Co-lending relationships between regulated lenders such as banks and non-banking finance companies (NBFCs) on one side and fintech firms on the other are seen changing significantly in the next three to five years, experts said at a Mint BFSI Summit panel discussion.

time to read

2 mins

December 19, 2025

Mint Bangalore

Why IndiGo is Sensex’s worst newcomer

IndiGo's parent, InterGlobe Aviation Ltd, has suffered a sharp selloff due to its operational meltdown days before inclusion in the BSE Sensex.

time to read

2 mins

December 19, 2025

Mint Bangalore

Mint Bangalore

All that cheap Chinese stuff is now Europe's problem

Trump's tariffs have redirected the flow of low-valued packages away from the U.S. into backyard warehouses on the Continent; the 'new Silk Road'

time to read

8 mins

December 19, 2025

Mint Bangalore

L Catterton bets on Haldiram Snacks

Consumer-focused global investment firm L Catterton has invested an undisclosed amount in Temasek-backed Haldiram Snacks Food Pvt. Ltd and entered into a strategic partnership, as private equity interest in India’s snacks and packaged foods sector continues to rise.

time to read

1 min

December 19, 2025

Mint Bangalore

Mint Bangalore

SHANTI bill to open up nuclear sector gets RS nod amid concerns

The Rajya Sabha on Thursday passed the bill to open up nuclear power generation to the private sector and ease liabilities on suppliers amid the Opposition's concerns over allowing private players in the sector and the lack of liabilities for suppliers of components.

time to read

1 mins

December 19, 2025

Mint Bangalore

How child-free couples are rethinking retirement math

Focus is on flexibility, experiences and early retirement over traditional child-centric targets

time to read

3 mins

December 19, 2025

Mint Bangalore

Nuclear recharge: Let's hedge our import bets

India's new nuclear law aligns our framework with global norms and looks set to revive a languishing source of clean energy. But don't give up on efforts to minimize import reliance

time to read

2 mins

December 19, 2025

Mint Bangalore

Mint Bangalore

India's RDI Fund: We just cannot afford to miss our R&D moment

The Centre's big push is in the right direction but outcomes will depend on how well we redesign the broader R&D ecosystem

time to read

2 mins

December 19, 2025

Mint Bangalore

Sumitomo Realty bets on Mumbai

Japan’s Sumitomo Realty and Development, the country’s third-largest developer, plans to expand in India with an unusual strategy: focusing on Mumbai and managing apartments rather than selling them, executives told Reuters.

time to read

1 min

December 19, 2025

Listen

Translate

Share

-
+

Change font size

Holiday offer front
Holiday offer back