US Seizes Tankers, Escalates Venezuela Oil War; China Denounces 'Bullying'
World
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Moneycontrol•08-01-2026, 08:06
US Seizes Tankers, Escalates Venezuela Oil War; China Denounces 'Bullying'
- •The U.S. seized two Venezuela-linked oil tankers, Marinera (Russian-flagged) and M Sophia (Panama-flagged), in the Atlantic Ocean.
- •This action is part of President Trump's aggressive push to dictate oil flows in the Americas and pressure Venezuela's government.
- •The Marinera crew faces criminal charges for evading apprehension; the U.S. claims it was a "fake Russian oil tanker."
- •China denounced the U.S. actions as "bullying," while Russia condemned U.S. involvement in Venezuela.
- •The U.S. plans to roll back some sanctions on Venezuelan oil to refine and sell up to 50 million barrels, despite caution from oil companies.
Why It Matters: US escalates its aggressive oil policy against Venezuela by seizing tankers, sparking international condemnation.
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