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Today — 17 December 2025Main stream

Trump Orders Blockade of Some Oil Tankers to and From Venezuela

The move is an escalation of military operations and a pressure campaign against Nicolás Maduro, Venezuela’s leader. But its scope and economic impact are not clear.

© Adriana Loureiro Fernandez for The New York Times

Oil tankers anchored in Punto Fijo, Venezuela, in 2021. Venezuela relies entirely on tankers to export its oil to world markets.
Yesterday — 16 December 2025Main stream

Venezuela’s Oil Is a Focus of Trump’s Campaign Against Maduro

In public, the White House says it is confronting Venezuela to curb drug trafficking. Behind the scenes, gaining access to the country’s vast oil reserves is a priority.

© Adriana Loureiro Fernandez for The New York Times

Oil drilling equipment in Cabimas, Venezuela. The country has about 17 percent of the world’s known oil reserves, nearly four times the amount in the United States.
Before yesterdayMain stream
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