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Weekly Report - 18 December 2025 (WR-25-50)
VENEZUELA: US moves to cut off oil revenue
The past week has seen a major escalation in US efforts to push Venezuela’s President Nicolás Maduro from power. Less than a week after US troops seized a sanctioned tanker carrying Venezuelan oil in the Caribbean, President Donald Trump announced on 16 December that there would be a “total blockade” on all sanctioned vessels travelling to and from Venezuela. This would sever the country’s most crucial income stream – the export of oil using a ‘shadow fleet’ of tankers to evade international sanctions.
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