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US Seizes Sixth Oil Tanker Near Venezuela

Bloomberg Markets •
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US forces seized another oil tanker near Venezuela on Thursday morning, adding to a growing list of vessels targeted for exporting sanctioned crude. The Southern Command confirmed the action in a post on X, underscoring Washington's intensified effort to dismantle a global shadow fleet that skirts international restrictions in the Caribbean waters and the Gulf.

These seizures follow a series of interdictions that began last year, when the United States tightened sanctions on oil exports from countries linked to illicit financing. By intercepting ships that use shell companies and false flags, Washington aims to cut off revenue streams that fund regional instability and undermine global oil markets for the next.

Industry analysts warn that the crackdown could trigger a scramble among shipping firms to find new routes, potentially raising insurance premiums and shipping costs worldwide. Observers will monitor whether the U.S. expands its enforcement to other ports and how rival nations respond to the growing pressure on the global oil supply chain in the coming.