US Navy Seizes Fifth Oil Tanker Olina Carrying Sanctioned Venezuelan Oil

Economy
C
CNBC Awaaz•10-01-2026, 10:06
US Navy Seizes Fifth Oil Tanker Olina Carrying Sanctioned Venezuelan Oil
- •The US Navy seized the oil tanker Olina, suspected of carrying sanctioned oil from Venezuela, marking the fifth such seizure in recent weeks.
- •Homeland Security chief Kristi Noem confirmed the Olina was a 'ghost fleet' vessel attempting to evade US forces.
- •The operation, involving US Marines and Navy personnel, took place at dawn as part of a long-standing military deployment in the Caribbean.
- •US Southern Command declared, "No safe haven for criminals," and shared a video of US personnel boarding and searching the tanker.
- •This seizure is part of the Trump administration's broader effort to control the global distribution of Venezuelan oil products.
Why It Matters: US Navy continues to seize tankers carrying sanctioned Venezuelan oil, reinforcing blockade efforts.
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