Last updated: 2025-12-18 06:40:18 ET
Some oil vessels are diverting away from Venezuela after U.S. President Donald Trump threatened a “blockade” of sanctioned oil tankers entering or leaving the South American country
Nicolás Maduro's administration is calling President Trump's blockade of all sanctioned oil tankers entering and leaving Venezuela a "grotesque threat." CBS News senior national security correspondent Charlie D'Agata has more.
Critics fear this is a step toward the United States declaring war on Caracas.
Choking off oil flows could be a backbreaker for President Nicolás Maduro’s rule.
The move could potentially impact 0.4-0.5 million barrels of oil per day, lifting prices by $1-2 per barrel, according to a US oil trader.
Asian shares have advanced as strong buying of technology shares helped lift some benchmarks, while oil prices surged more than 1% after President Don...
It comes a week after the US seized an oil tanker off the coast of Venezuela, in a move that intensified pressure on its government.
President Trump on Tuesday called for a "total and complete blockade" on all sanctioned oil tankers that enter or depart Venezuela, as the administrat...
President Donald Trump announced Tuesday that he ordered “a total and complete blockade” of sanctioned oil tankers entering and leaving Venezuela....
