The post US President Donald Trump orders total blockade of sanctioned Venezuelan oil tankers appeared on BitcoinEthereumNews.com.

US President Donald Trump ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, Reuters reported late Tuesday. “For the theft of our Assets, and many other reasons, including Terrorism, Drug Smuggling, and Human Trafficking, the Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION,” Trump wrote on Truth Social. “Therefore, today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela.” Trump’s comments came after US forces seized an oil tanker in waters near Venezuela, and Washington has ordered a huge build-up of US military forces off the Venezuelan coast in an operation said to target drug smuggling. Oil traders said prices were rising in anticipation of a potential cut in Venezuelan exports, but they were still waiting to see how Trump’s sanctions would be implemented and if it would include non-sanctioned vessels.  Market reaction At the time of press, the WTI price is up 0.86% on the day at $55.55. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and…

---

Filed under: News - @ December 17, 2025 2:25 am