Trump Oil Blockade Shocks Markets | Venezuela Sanctions, Maduro, Global Oil Crisis
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U.S. President Donald Trump orders a total blockade of sanctioned oil tankers entering and leaving Venezuela, dramatically escalating tensions with President Nicolas Maduro’s government. According to a Reuters report, Trump labeled the Venezuelan regime a foreign terrorist organization, citing allegations of terrorism, drug smuggling, and human trafficking.
Following the announcement, global oil prices surged over 1%, with Brent crude and U.S. WTI climbing amid fears of supply disruptions. Analysts warn that if Venezuelan crude exports fall sharply, oil prices could rise by $5 to $8 per barrel, fueling global inflation and economic uncertainty.
Venezuela has strongly rejected Trump’s move, calling it a “grotesque threat”, while legal experts debate whether the blockade constitutes an act of war under international law. China, the largest buyer of Venezuelan oil, and OPEC members are closely monitoring the situation as geopolitical risks intensify.
This video breaks down: Trump’s Venezuela oil tanker blockade order | Impact on global oil markets and crude prices || Maduro’s response and allegations against the U.S. | Legal and military implications of a U.S. blockade | How Venezuela sanctions affect China, OPEC, and global energy supply
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