Trump Orders Venezuela Oil Tanker Blockade, Designates Maduro Regime as Terrorist Group

World
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Moneycontrol•17-12-2025, 07:29
Trump Orders Venezuela Oil Tanker Blockade, Designates Maduro Regime as Terrorist Group
- •President Trump ordered a blockade of sanctioned oil tankers in/out of Venezuela, escalating pressure on Nicolas Maduro's regime.
- •Trump designated Maduro's government a "FOREIGN TERRORIST ORGANIZATION," accusing it of financing illicit activities with oil.
- •The US has increased military presence, seized a tanker (The Skipper), and conducted strikes against drug-trafficking vessels in the region.
- •Venezuela's economy is severely strained by US sanctions, with inflation expected to hit 400% by year-end.
- •Maduro has rallied citizens against perceived US threats, while the White House aims to pressure him until he "cries uncle."
Why It Matters: Trump escalates Venezuela pressure with oil blockade and terror designation, impacting oil markets.
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