US Forces Intercept Another Sanctioned Oil Tanker in Caribbean Sea
In another move to exert control over Venezuela's strategic resources, US forces intercepted a sanctioned oil tanker in the Caribbean Sea on Friday, according to a statement from the US military.
Marines and Navy sailors launched from the aircraft carrier USS Gerald R. Ford carried out the pre-dawn action, which was part of an extensive US presence in the region that has been building up in recent months. The operation targeted a tanker called Olina, which had departed Venezuela in an apparent attempt to evade US forces.
The ship, which has been sanctioned for carrying Russian oil under its prior name and now flies the flag of Timor-Leste, was boarded by US personnel who conducted a search of the deck. The Coast Guard took control of the vessel after the operation.
According to Homeland Security Secretary Kristi Noem, the Olina was another "ghost fleet" tanker suspected of carrying embargoed oil. The seizure is part of a broader effort by President Donald Trump's administration to control the global distribution of Venezuela's oil products following the US ouster of President NicolΓ‘s Maduro in 2019.
The Olina has a listed cargo capacity of up to 890,000 barrels of oil, which would be worth approximately $53 million at current market prices. While it is unclear if the tanker was full or empty, the seizure is seen as another move by the US to generate revenue from sanctioned Venezuelan oil.
Critics argue that the US motivations behind the seizures are not solely driven by a desire to enforce the law, but also to raise funds for US goals in Venezuela. The Trump administration has announced plans to invest $100 billion in Venezuela's oil production and distribution infrastructure, which would be funded by sales of sanctioned oil products.
The US has already seized four other tankers carrying embargoed oil since 2019, including the Olina. The seizures have been met with skepticism from some officials, who argue that they are part of a broader effort to exert control over Venezuela's resources and undermine its sovereignty.
In another move to exert control over Venezuela's strategic resources, US forces intercepted a sanctioned oil tanker in the Caribbean Sea on Friday, according to a statement from the US military.
Marines and Navy sailors launched from the aircraft carrier USS Gerald R. Ford carried out the pre-dawn action, which was part of an extensive US presence in the region that has been building up in recent months. The operation targeted a tanker called Olina, which had departed Venezuela in an apparent attempt to evade US forces.
The ship, which has been sanctioned for carrying Russian oil under its prior name and now flies the flag of Timor-Leste, was boarded by US personnel who conducted a search of the deck. The Coast Guard took control of the vessel after the operation.
According to Homeland Security Secretary Kristi Noem, the Olina was another "ghost fleet" tanker suspected of carrying embargoed oil. The seizure is part of a broader effort by President Donald Trump's administration to control the global distribution of Venezuela's oil products following the US ouster of President NicolΓ‘s Maduro in 2019.
The Olina has a listed cargo capacity of up to 890,000 barrels of oil, which would be worth approximately $53 million at current market prices. While it is unclear if the tanker was full or empty, the seizure is seen as another move by the US to generate revenue from sanctioned Venezuelan oil.
Critics argue that the US motivations behind the seizures are not solely driven by a desire to enforce the law, but also to raise funds for US goals in Venezuela. The Trump administration has announced plans to invest $100 billion in Venezuela's oil production and distribution infrastructure, which would be funded by sales of sanctioned oil products.
The US has already seized four other tankers carrying embargoed oil since 2019, including the Olina. The seizures have been met with skepticism from some officials, who argue that they are part of a broader effort to exert control over Venezuela's resources and undermine its sovereignty.