Get all your news in one place.
100's of premium titles.
One app.
Start reading
Latin Times
Latin Times
Politics
Pedro Camacho

U.S. Tanker Seizure Expected to Drive Steeper Black-Market Discounts on Venezuelan Oil, Increasing Pressure on Maduro

Images of Venezuelan oil tanker seized by the U.S. (Credit: Pam Bondi's official X account)

The U.S. seizure of a supertanker loaded with Venezuelan crude is expected to force black-market buyers to demand even deeper discounts, further tightening financial pressure on authoritarian President Nicolás Maduro's government, according to energy analysts consulted by The Conversation.

The Dec. 10 operation involved U.S. forces boarding the Skipper, a 20-year-old vessel capable of carrying nearly 2 million barrels of oil. Washington said the tanker had been used to move sanctioned Venezuelan and Iranian crude, while Caracas condemned the action as "international piracy."

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.