All articles tagged with #venezuela sanctions
President Trump issued a 60-day waiver of the Jones Act to let foreign-flag ships move fuel between U.S. ports in an effort to lower energy costs, as gas and diesel prices rise; experts say the savings are likely small and the administration also eased sanctions on Venezuela to boost oil supply.
U.S. forces seized the Motor Vessel Sagitta, a Panamanian-flagged, Venezuelan-linked tanker owned by Sunne Co Limited, marking the seventh such seizure since December 2025 as Washington tightens sanctions on Venezuelan oil shipments in the Caribbean; the ship was described as part of a shadow fleet moving oil from sanctioned nations, underscoring ongoing enforcement while related actions—such as the Maduro case in New York and a recent roughly $500 million Venezuelan oil sale—continue.
Oil prices declined due to concerns over global surplus and supply disruptions from U.S.-Venezuela tensions, while potential peace negotiations between Russia and Ukraine and increased oil supply from Russia could influence future prices.