Russia Thwarts US Tanker Seizure; Venezuela Offers Oil Deals, China Backs Maduro

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News18•03-01-2026, 09:13
Russia Thwarts US Tanker Seizure; Venezuela Offers Oil Deals, China Backs Maduro
- •US Navy pursued Venezuelan oil tanker 'Bella 1' over alleged statelessness and Iranian oil smuggling.
- •Russia re-flagged the tanker as 'Marinera' under its flag, declaring it Russian territory, complicating US seizure efforts.
- •Venezuelan President Nicolas Maduro offered US companies investment in its oil sector, but on Venezuela's terms.
- •Russia sent a diplomatic letter to the US, demanding an end to the tanker's pursuit, escalating tensions.
- •China's envoy met Maduro, affirming strategic partnership, energy cooperation, and support for a multipolar world.
Why It Matters: Russia and China challenge US dominance over Venezuela's oil, escalating geopolitical tensions.
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