US Seeks to Assert Control over Venezuelan Oil with Tanker Seizures and Sales Worldwide
Washington. President Donald Trump's administration on Wednesday sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers transporting petroleum and announcing plans to relax some sanctions so the United States can oversee the sale of Venezuela’s petroleum worldwide.
Trump's administration intends to control the distribution of Venezuela’s oil products globally following its ouster of President Nicolás Maduro in a surprise nighttime raid, with the Energy Department saying the “only oil transported in and out of Venezuela” will be through approved channels consistent with US law and national security interests. That level of control over the world’s largest proven reserves of crude oil could give the Trump administration a tight hold on oil supplies globally in ways that could enable it to influence prices.
The seizures of the tankers in the North Atlantic and the Caribbean Sea reflect the Republican administration’s determination to enforce an existing oil embargo on Venezuela, as Trump has pledged the US will “run” the country.
Speaking to reporters on Capitol Hill, Secretary of State Marco Rubio suggested the oil seized by the US with sanctioned vessels would be sold as part of the deal announced by Trump on Tuesday under which Venezuela would provide up to 50 million barrels of oil to the U.S.
“One of those ships that was seized that had oil in the Caribbean, you know what the interim authorities are asking for in Venezuela?” Rubio said. “They want that oil that was seized to be part of this deal. They understand that the only way they can move oil and generate revenue and not have economic collapse is if they cooperate and work with the United States.”
Seizing 2 More Vessels
US European Command announced in a social media post that the merchant vessel Bella 1 was seized in the North Atlantic for “violations of US sanctions." The US had been pursuing the tanker since last month after it tried to evade a blockade on sanctioned oil vessels around Venezuela.
Homeland Security Secretary Kristi Noem then revealed US forces also took control of the motor tanker M Sophia in the Caribbean Sea. Noem said in a social media post both ships were “either last docked in Venezuela or en route to it."
The two ships taken over Wednesday join at least two others taken by US forces last month, the Skipper and the Centuries.
The Bella 1 had been cruising across the Atlantic, nearing the Caribbean on Dec. 15 when it abruptly turned and headed north, toward Europe. The change in direction came days after the first US tanker seizure of a ship on Dec. 10 after it had left Venezuela carrying a cargo of oil.
The US Coast Guard tried to board the Bella 1 in the Caribbean in December as it headed for Venezuela. Instead, the ship fled across the Atlantic. US European Command said a Coast Guard vessel had tracked the ship “pursuant to a warrant issued by a US federal court."
It was sanctioned by the US in 2024 on allegations of smuggling cargo for a company linked to Lebanese militant group Hezbollah, which is backed by Iran.
As the US pursued it, the Bella 1 was renamed Marinera and flagged to Russia, shipping databases show. A US official, who spoke on the condition of anonymity to discuss sensitive military operations, also confirmed that the ship’s crew had painted a Russian flag on the side of the hull.
The Russian Foreign Ministry said Wednesday that it had information about Russian nationals among the Marinera's crew.
“Taking into account the incoming information about Russian citizens among the crew, we demand that the American side ensure humane and dignified treatment of them, strictly respect their rights and interests, and not hinder their speedy return to their homeland,” the ministry said in a statement carried by Russia’s state news agencies Tass and RIA Novosti.
Separately, senior Russian lawmaker Andrei Klishas decried the US action as “blatant piracy.”
Easing Some Venezuela Sanctions So US Can Sell Its Oil
Meanwhile, the Trump administration is “selectively” removing sanctions to enable the shipping and sale of Venezuelan oil to markets worldwide, according to an outline of the policies published Wednesday by the Energy Department.
The oil sales are slated to begin immediately with the sale of 30 million to 50 million barrels from the South American country. The US government said the sales “will continue indefinitely,” with the proceeds settling in US-controlled accounts at “globally recognized banks.” The money would be disbursed to the US and Venezuelan populations at the “discretion” of Trump’s government.
The US plans to authorize the importation of oil field equipment, parts and services to increase Venezuela’s oil production, which has been roughly 1 million barrels a day. The Trump administration has indicated it also will invest in Venezuela’s electricity grid to increase production and the quality of life for people in Venezuela, whose economy has been unraveling amid changes to foreign aid and cuts to state subsidies, making necessities, including food, unaffordable to millions.
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