US Pressure Forces Chinese Oil Tankers to Flee Venezuela, Crippling Debt Recovery

• Two Chinese supertankers, 'Xingye' and 'Thousand Sunny', made a U-turn from Venezuela's coast due to fear of US action.
• The tankers were meant to load crude oil under an 'oil-for-debt' agreement, crucial for China to recover billions owed by Venezuela.
• After weeks of waiting in the Atlantic, US strictness and oil sanctions forced the vessels to return empty-handed.
• This incident is a significant setback for China's debt recovery efforts from Venezuela and highlights the impact of US policy.
• The event raises questions about the US's ability to cripple China's global oil supply chain.

Why It Matters: US pressure forced Chinese oil tankers to abandon Venezuelan crude, hindering China's debt recovery efforts.