US Blockade Threatens Venezuela's Oil, Deepens Economic Crisis

• US President Donald Trump ordered a "total and complete blockade" of sanctioned Venezuelan oil tankers.
• Experts predict the blockade could slash Venezuela's oil production and halve exports, deepening its economic crisis.
• Venezuela has been bypassing a six-year-old US oil embargo, selling discounted crude mainly to China.
• Years of mismanagement and corruption reduced Venezuela's oil production from 3 million bpd to 1 million bpd.
• Future impact includes reduced black market prices, potential production shutdown, and significant revenue loss for Venezuela.

Why It Matters: US blockade on Venezuela's oil shipments could halve exports, deepening its severe economic crisis.