President Donald Trump’s administration on Wednesday sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers transporting petroleum and announcing plans to relax some sanctions so the U.S. can oversee the sale of Venezuela’s petroleum worldwide.
Trump’s administration intends to control the distribution of Venezuela’s oil products globally following its ouster of President Nicolás Maduro in a surprise nighttime raid. Besides the United States enforcing an existing oil embargo, the Energy Department says the “only oil transported in and out of Venezuela” will be through approved channels consistent with U.S. law and national security interests.
That level of control over the world’s largest proven reserves of crude oil could give the Trump administration a broader hold on oil supplies globally in ways that could enable it to influence prices. Both moves reflect the Republican administration’s determination to make good on its effort to control the next steps in Venezuela through its vast oil resources after Trump pledged the U.S. will “run” the country.
Vice President JD Vance said in an interview the U.S. can “control” Venezuela’s “purse strings” by dictating where its oil can be sold.
“We control the energy resources, and we tell the regime, you’re allowed to sell the oil so long as you serve America’s national interest,” Vance said in an interview to air on Fox News Channel’s “Jesse Watters Primetime.”
The vice president added, “And that’s how we exert incredible pressure on that country without wasting a single American life.”
Secretary of State Marco Rubio suggested that the oil taken from the sanctioned vessels seized in the North Atlantic and the Caribbean Sea would be sold as part of the deal announced by Trump on Tuesday under which Venezuela would provide up to 50 million barrels of oil to the U.S.
Venezuela’s interim authorities “want that oil that was seized to be part of this deal,” Rubio told reporters after briefing lawmakers Wednesday about the Maduro operation. “They understand that the only way they can move oil and generate revenue and not have economic collapse is if they cooperate and work with the United States.”
Seizing 2 more vessels
U.S. European Command said on social media that the merchant vessel Bella 1 was seized in the North Atlantic for “violations of U.S. sanctions.” The U.S. had been pursuing the tanker since last month after it tried to evade a blockade on sanctioned oil vessels around Venezuela.
Homeland Security Secretary Kristi Noem revealed U.S. forces also took control of the M Sophia in the Caribbean Sea. Noem said on social media that both ships were “either last docked in Venezuela or en route to it.”
The two ships join at least two others that were taken by U.S. forces last month — the Skipper and the Centuries.
The Bella 1 had been cruising across the Atlantic nearing the Caribbean on Dec. 15 when it abruptly turned and headed north, toward Europe. The change in direction came days after the first U.S. tanker seizure of a ship on Dec. 10 after it had left Venezuela carrying oil.
Homeland Security Secretary Kristi Noem revealed U.S. forces also took control of the M Sophia in the Caribbean Sea. Noem said on social media that both ships were “either last docked in Venezuela or en route to it.”
The two ships join at least two others that were taken by U.S. forces last month — the Skipper and the Centuries.
The Bella 1 had been cruising across the Atlantic nearing the Caribbean on Dec. 15 when it abruptly turned and headed north, toward Europe. The change in direction came days after the first U.S. tanker seizure of a ship on Dec. 10 after it had left Venezuela carrying oil.
