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US Escalates Venezuela Oil Blockade with Third Tanker Seizure, Brent Rises to $61
US Escalates Venezuela Oil Blockade with Third Tanker Seizure, Brent Rises to $61
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BTCCSquare news:
The US Coast Guard intercepted the Panamanian-flagged tanker Centuries carrying 2 million barrels of Venezuelan crude in the Caribbean, marking the third such seizure in weeks. Authorities are now pursuing the Bella 1, another vessel en route to load Venezuelan oil.
Brent crude climbed to $61/barrel following the enforcement action, reflecting renewed supply concerns. The MOVE tightens President Trump’s economic pressure campaign against Caracas amid deteriorating diplomatic relations.
In a parallel development, Ukraine targeted a Russian shadow fleet tanker in the Mediterranean with drones—the first such attack on Moscow’s oil infrastructure since sanctions evasion tactics began. Energy markets remain sensitive to geopolitical disruptions.
By:
