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US pursuing third oil tanker in Venezuela Blockade — Reuters

The United States (US) is still in pursuit of a third oil tanker near Venezuela, officials told Reuters on Sunday, as US President Donald Trump intensifies an oil blockade on Nicolás Maduro’s government.

“The United States Coast Guard is in active pursuit of a sanctioned ‘dark fleet’ vessel that is part of Venezuela’s illegal sanctions evasion,” a U.S. official said. “It is flying a false flag and under a judicial seizure order.”

Another official affirmed that the tanker was under sanctions but reiterated that it had not yet been boarded and that interceptions may take several forms, including sailing or flying near to vessels of concern.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is trading 0.54% higher on the day to trade at $56.85.

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