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Trump Oil Tanker Seizure Costs U.S. $47 Million

New York Times Business •
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President Trump's decision to seize oil tankers has backfired financially, with the U.S. government now facing millions in unexpected costs. The aging vessel Skipper, taken into custody near Galveston, Texas, has already cost taxpayers $47 million in maintenance and operational expenses.

Trump had promised that seizing foreign tankers would generate revenue for the government, but the reality has proven far different. The Skipper, an aging ship requiring extensive upkeep, has become a financial burden rather than an asset. The vessel has been sitting off the Texas coast since December, requiring constant monitoring and maintenance.

The situation highlights the gap between political promises and practical outcomes. What was intended as a show of strength against foreign adversaries has instead become a costly logistical challenge for federal agencies. The $47 million price tag for a single ship raises questions about the true costs of such enforcement actions.