The development suggests that the White House is planning a broader campaign against Venezuela’s oil exports. The U.S. seized a tanker on Wednesday that had allegedly transported oil from Venezuela to Iran.

The oil market has been focused on Ukraine peace talks and so far is not indicating a risk of a major supply disruption. U.S. crude oil was last down $1.04, 1.78%, to $57.42 a barrel. Global benchmark Brent was at $61.11, down $1.10, or 1.77%.

  • Skankhunt420@sh.itjust.works
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    1 day ago

    So serious question why couldn’t they pay a Chinese vessel to come get or move their oil.

    I’d bet a fat stack of cash the USA wouldn’t dare touch one if it was Chinese. Or shit maybe even Trumps daddy Putin could send a Russian oil tanker to move it around. Bet they wouldn’t fuck with that either.

    Is it just a cost thing?

    • eldavi@lemmy.ml
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      11 hours ago

      china has already proven that it won’t step in to save venezuela and the tanker they seize this tanker because it’s part of the black fleet that has been keeping russia’s economy going despite the sanctions.