The development suggests that the White House is planning a broader campaign against Venezuela’s oil exports. The U.S. seized a tanker on Wednesday that had allegedly transported oil from Venezuela to Iran.

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 was last down $1.04, 1.78%, to $57.42 a barrel. Global benchmark Brent was at $61.11, down $1.10, or 1.77%.

  • manxu@piefed.social
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    18 hours ago

    Wait! I thought the stated problem was that Venezuela was a drug state? Did they transport drugs on the oil tanker?

  • Skankhunt420@sh.itjust.works
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    15 hours ago

    So serious question why couldn’t they pay a Chinese vessel to come get or move their oil.

    I’d bet a fat stack of cash the USA wouldn’t dare touch one if it was Chinese. Or shit maybe even Trumps daddy Putin could send a Russian oil tanker to move it around. Bet they wouldn’t fuck with that either.

    Is it just a cost thing?