US Seizes Seventh Venezuela-Linked Oil Tanker Amid Trump's Control Efforts

World
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Moneycontrol•21-01-2026, 05:27
US Seizes Seventh Venezuela-Linked Oil Tanker Amid Trump's Control Efforts
- •US forces seized the Motor Vessel Sagitta, a Liberian-flagged tanker, as part of the Trump administration's efforts to control Venezuela's oil.
- •The Sagitta was operating in defiance of President Donald Trump’s established quarantine of sanctioned vessels in the Caribbean.
- •The tanker was sanctioned by the U.S. Treasury Department under an executive order related to Russia's invasion of Ukraine in 2022.
- •The Trump administration aims to rebuild Venezuela's oil industry and economy, with plans to invest $100 billion and sell Venezuelan oil.
- •This is the seventh such seizure, with previous tankers captured near Venezuela and one, the Bella 1, in the North Atlantic.
Why It Matters: US forces seized a seventh tanker linked to Venezuela, part of Trump's strategy to control its oil and economy.
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