Trump orders blockade of Venezuelan oil tankers: Oil prices jump; supply risks rise
Donald Trump has ordered a complete blockade of Venezuelan oil tankers, escalating geopolitical tensions. This move, aimed at pressuring President Maduro, could disrupt significant supply and potentially lift crude prices. While the market is currently well-supplied, prolonged enforcement of the blockade might lead to higher oil prices, impacting global markets already concerned about weak demand.
Donald Trump has ordered a complete blockade of Venezuelan oil tankers, escalating geopolitical tensions. This move, aimed at pressuring President Maduro, could disrupt significant supply and potentially lift crude prices. While the market is currently well-supplied, prolonged enforcement of the blockade might lead to higher oil prices, impacting global markets already concerned about weak demand.
