Trump willing to seize more oil tankers off Venezuela coast, White House official says
WASHINGTON - President Donald Trump is willing to seize more oil tankers off the coast of Venezuela, a White House official told CNBC on Thursday. The U.S. seized a tanker on Wednesday that had allegedly transported oil from Venezuela to Iran. The action comes as Trump escalates pressure on President Nicolás Maduro. The oil market has been focused on Ukraine peace talks and so far is not indicating a risk of a major supply disruption. U.S. crude oil fell 86 cents, or 1.47%, to close at $57.60 a barrel. Global benchmark Brent settled at $61.28, down 93 cents, or 1.49%. Sources told Reuters earlier that U.S. is expected to target more ships transporting Venezuelan crude in the coming weeks. The Treasury Department updated its Venezuela sanctions list on Thursday to include more than a dozen additional people, companies and tankers. The tanker seized on Wednesday was a Very Large Crude Carrier, or VLCC, identified as the Skipper, Matt Smith, head U.S. analyst at energy consulting firm Kpler, told CNBC. It was loaded…
11 Dec 00:00 · Inlandnewstoday