Trump's Venezuela oil blockade puts Chevron in the middle of a high-stakes sanctions crackdown [FOX News]
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Source: FOX News
The Trump administration's escalating crackdown on Venezuela's sanctioned oil shipments has thrust Chevron into an unusually precarious position. As the last U.S. oil company left in Venezuela , Chevron is operating in the high-tension space between Washington's pressure campaign and the world's largest oil reserves. That campaign was on full display on Dec. 10, when U.S. authorities seized a nondescript tanker that had been quietly moving Venezuelan crude, just one ship in a shadow fleet that keeps sanctioned oil flowing. This week, Trump pushed the campaign to a new level, ordering a "total and complete blockade of all sanctioned oil tankers" bound for or departing Venezuela. And while Chevron isn't the target of the blockade, the order still introduces fresh uncertainty for the company's operations in Venezuela's tightly controlled oil sector. "In the case of Chevron, the U.S. government allows that oil to move, but it's certainly a very sensitive place to be," explained
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- Why are US forces chasing oil tankers? US-Venezuela tensions explained. [USA TODAY]USA TODAY
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