Prøve GULL - Gratis
Trump orders blockade of sanctioned oil tankers in and out of Venezuela
Mint Ahmedabad
|December 18, 2025
U.S. president's announcement escalates pressure on the country's leader, Nicolás Maduro
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.
Denne historien er fra December 18, 2025-utgaven av Mint Ahmedabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Ahmedabad
Mint Ahmedabad
China's export boom hurts the job prospects of Asia’s Gen-Z
Manufacturing jobs are vanishing as cheap Chinese goods flood in
3 mins
December 19, 2025
Mint Ahmedabad
TVS Supply Chain moves NCLAT
TVS Supply Chain Solutions has moved appellate tribunal NCLAT, challenging an NCLT order which had rejected its plea to initiate insolvency against the Indian unit of telecom gear manufacturer ZTE.
1 min
December 19, 2025
Mint Ahmedabad
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.
1 min
December 19, 2025
Mint Ahmedabad
Adani Infra to raise $1 billion via dollar bonds
Adani Infra is a subsidiary of Adani Properties Pvt Ltd (APPL), which is in turn held by the S.B. Adani Family Trust, a key promoter entity of the Adani Group.
1 mins
December 19, 2025
Mint Ahmedabad
House of Diagnostics’ $30-40 mn fundraising underway
Medical diagnostics chain House of Diagnostics has begun the process of raising $30-40 million in a largely primary funding round, two people in the know said, seeking anonymity.
1 min
December 19, 2025
Mint Ahmedabad
PVR Inox to get Dhurandhar boost in Q3; content is king
Multiplex chain PVR Inox Ltd is set to close the curtains on the December quarter (Q3FY26) on a decent note.
1 mins
December 19, 2025
Mint Ahmedabad
Stablecoins are not superfluous: They play a useful signalling role
These tokens reveal our fear of missing out and beliefs as digital creations join the world of finance
3 mins
December 19, 2025
Mint Ahmedabad
New code to overhaul securities market rules
Bill to consolidate three laws, proposes stricter conflict norms for Sebi officials
2 mins
December 19, 2025
Mint Ahmedabad
We need a paradigm shift away from masculine ideas
India's economic growth is not producing enough jobs for its youth.
3 mins
December 19, 2025
Mint Ahmedabad
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.
1 min
December 19, 2025
Listen
Translate
Change font size
