How U.S. oil tanker seizures targeting Venezuela tie into geopolitical rivalry with China [CNBC]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: CNBC
China, a major buyer of crude oil from the region, condemned the U.S. action. Any cooperation from Panama over tanker actions comes amid an already complex relationship between the Central American nation and the U.S. and China, as they battle over control of the Panama Canal. A U.S. military helicopter flies over the Panama-flagged Centuries, which was intercepted by the U.S. Coast Guard, days after U.S. President Donald Trump announced a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, east of Barbados in the Caribbean Sea on Dec. 20, 2025. Department Of Homeland Security | Via Reuters The escalating U.S. campaign to seize oil tankers linked to Venezuelan oil could also escalate tensions between the U.S. government and China if more crude oil intended for the Chinese market is caught up in the U.S. military campaign. On Saturday, the Panama-flagged tanker Centuries was seized carrying sanctioned Venezuelan oil, a move condemned by China. The seizur
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