Sanctions

After launching a military attack against Caracas and kidnapping Venezuelan President Nicolás Maduro, US President Donald Trump made his goal clear: seize the oil.

Historian Steve Ellner and journalist Ricardo Vaz explained how this outcome is not an aberration, but rather the latest chapter in a long-standing struggle over PDVSA, oil sovereignty, and U.S. hemispheric dominance—where economic warfare supplants diplomacy and state power is deployed for private gain.

Source: theAnalysis.News

Caracas, January 9, 2026 (venezuelanalysis.com) – US President Donald Trump hosted executives from major Western energy corporations at the White House on Friday after touting a US $100 billion investment plan in Venezuela’s oil industry.

The Trump administration has moved to claim control over the Caribbean nation’s most important economic sector in the wake of the January 3 bombings and kidnapping of President Nicolás Maduro.

“We’re going to discuss how these great American companies can help rapidly rebuild Venezuela’s dilapidated oil industry and bring millions of barrels of oil production to benefit the United States, the people of Venezuela and the entire world,” the US president told reporters.

The meeting featured representatives from Chevron (USA), Shell (UK), Eni (Italy), Repsol (Spain) and 13 other energy and trading firms. Chevron has been the only major US company to maintain operations in Venezuela amidst US sanctions.

Trump added that the corporations would be “dealing” with the US directly and not with Venezuelan authorities. Multiple US officials in recent days have claimed that proceeds from crude sales will be deposited in accounts run by administration before being rerouted to Venezuela. Venezuelan state oil company PDVSA has confirmed “negotiations” to resume oil shipments to the US but has not commented on the rumored terms.

In his press conference, Trump said the White House would “devise a formula” to ensure that Caracas receives funds and corporations recover their investments while the US government would get any “leftover funds.” He added that Washington would offer the corporations “security guarantees” to operate in Venezuela.

Despite the Trump administration’s incentives, oil conglomerates have expressed reservations on committing to major investments in Venezuela.

Friday’s meeting at the White House also included executives from ExxonMobil and ConocoPhillips, two companies that refused to accept the new conditions from the former Chávez government’s oil reforms in the 2000s.

Both companies pursued international arbitration. ExxonMobil was compensated to the tune of $1.6 billion, significantly below its demands, while ConocoPhillips is looking to enforce awards totaling $12 billion. The Houston-headquartered enterprise will collect part of the debt via the forced auction of Venezuela’s US-based refiner CITGO.

ExxonMobil CEO Darren Woods stated that the company would need “significant changes” to Venezuela’s legal infrastructure before considering a return to the country.

In parallel to the White House gathering, India’s Reliance Industries, the country’s largest conglomerate, is reportedly seeking a US greenlight to resume purchases of Venezuelan crude. Reliance was a significant PDVSA customer before being driven away by US sanctions threats.

Venezuela’s oil sector, the country’s most important revenue source, remains heavily targeted by US unilateral coercive measures, including financial sanctions, an export embargo, and secondary sanctions.

Washington has maintained pressure on Caracas to impose oil conditions by enforcing a naval blockade and seizing tankers attempting to sail away with Venezuelan crude. On Friday, the US Navy seized the fifth tanker since early December, the Timor Leste-flagged Olina which had sailed from Venezuelan shores days ago as part of a flotilla attempting to break the US blockade.

Trump claimed that Venezuelan authorities assisted in the capture of the Olina tanker. According to the New York Times, US naval forces are chasing multiple tankers into the Atlantic, while others that left are reportedly heading back toward Venezuela.

Washington’s interest in controlling the Venezuelan oil industry has already seen the US Treasury Department issue sanctions waivers to global traders Vitol and Trafigura. The two companies were represented in the January 9 White House meeting.

Asked about Venezuelan Acting President Delcy Rodríguez, Trump said that the Venezuelan leader “seems to be an ally.” A US State Department delegation landed in Caracas on Friday to evaluate conditions for the reopening of the US embassy in the Venezuelan capital.

Amidst US official statements and diplomatic pressure, Venezuelan authorities have likewise sought meetings with some of its main allies, including Russia and China.

Rodríguez met with Chinese Ambassador Lan Hu Thursday, thanking Beijing for its condemnation of the US attacks and Maduro abduction. While US officials have pledged to reduce Chinese economic ties with Venezuela, Rodríguez stated in a recent broadcast that Caracas would maintain “diversity” in its economic and geopolitical relations.

Also on Thursday, Venezuelan Foreign Minister Yván Gil hosted Russian Ambassador Sergey Melik-Bagdasarov. Gil acknowledged Moscow’s support in the wake of the US January 3 attacks and expressed the two nations’ joint commitment to dialogue and sovereignty.

Caracas, January 7, 2025 (venezuelanalysis.com) – The Trump administration has vowed to control Venezuelan oil sales for an “indefinite” period in the wake of the January 3 bombings and kidnapping of Venezuelan President Nicolás Maduro.

“Instead of the oil being blockaded, we’re gonna let the oil flow to US refineries and around the world to bring better oil supplies, but have those sales done by the US,” Energy Secretary Chris Wright said in a Goldman Sachs conference on Wednesday, January 7.

According to Wright, the process would begin with crude that is currently loaded on tankers that have not left Venezuelan shores because of the US naval blockade, before selling future production “indefinitely, going forward.”

A “fact sheet” published by the Department of Energy went on to claim that proceeds from sales of Venezuelan crude “will first settle in US-controlled accounts at globally recognized banks to guarantee the legitimacy and integrity of the ultimate distribution of proceeds.”

The document stated that a “selective rollback” of US economic sanctions will allow transactions involving Venezuelan oil products in global markets. The Department of Energy likewise announced supplies of diluents and equipment to Venezuela’s oil industry, which also require the lifting of sanctions, alongside broader US investment in the oil sector and electric grid.

Secretary of State Marco Rubio affirmed in a Wednesday press conference that the US has a “three-step plan” for Venezuela in the wake of the January 3 military attack. The first step involves “stabilizing” the country to allow for the arrival of US and Western corporations, before a stage of “national reconciliation” and finally a “transition.”

In the wake of the strikes that killed over 80 people in the Caribbean nation, Trump and administration officials have repeatedly threatened the Venezuelan government into accepting its demands, especially in the oil sector.

On Wednesday, US authorities announced the seizure of two new tankers as part of efforts to strangle Venezuelan crude exports. Rubio recently referred to the US’ naval blockade as a “lever of leverage” against Caracas. US forces had previously seized two other tankers transporting Venezuelan crude.

According to ABC, Washington has demanded that Caracas’ oil production and exports be done exclusively with US partners. In 2025, over 80 percent of Venezuelan crude exports were destined for Chinese refineries. However, Politico reported that US oil conglomerates are reluctant to invest heavily in Venezuela.

Trump had emphasized in recent weeks that the US’ main interest was control over Venezuela’s oil industry and reserves. On Tuesday, he wrote on social media that Venezuelan authorities had agreed to “turn over 30-50 million barrels” of oil to the US, in reference to the crude currently blockaded, and that he would “control” the proceeds.

On Wednesday, Trump published another social media post claiming that Caracas would only be purchasing US-made products with the oil sales revenues.

US actions have drawn domestic criticism, with Connecticut Senator Chris Murphy blasting Rubio’s “insane plan.”

“They are talking about stealing the Venezuelan oil at gunpoint for an undefined time period as leverage to micromanage the country. The scope and insanity of that plan is absolutely stunning,” Murphy told press.

Venezuelan state oil company PDVSA, for its part, issued a statement on January 7 informing of talks for the “sale of large volumes of crude to the United States.” The communiqué made no reference to the terms alleged by US officials.

“PDVSA ratifies its commitment to continue building alliances that boost national development and contribute to global economic stability,” the text read.

PDVSA added that the prospective agreement would follow a “scheme” similar to the one that currently applies to Chevron. 

The US oil giant is a minority partner in four joint ventures with PDVSA. Under its present sanctions waiver, Chevron allocates crude for PDVSA to sell. However, under a previous license, Chevron would commercialize all the oil before transferring proceeds to its Venezuelan partners.

Acting President and Oil Minister Delcy Rodríguez has not commented on the US officials’ claims. In a Wednesday night televised broadcast, she said Venezuela has developed “diversified economic and geopolitical relations” all around the world.

The Venezuelan oil industry has faced multiple waves of economic sanctions dating back to the first Trump administration, including financial sanctions, an export embargo and secondary sanctions.

Caracas has made repeated calls for foreign investment, including from US companies. US refineries, particularly in the Gulf Coast, are especially geared toward Venezuela’s extra-heavy crude blends. The US was the main destination for Venezuelan oil exports prior to the 2019 embargo.
The Nicolás Maduro government additionally created favorable conditions for oil partners in a bid to ramp up oil production. The 2020 Anti-Blockade Law establishes mechanisms that supersede Venezuela’s hydrocarbon legislation, including concessions whereby private companies can lift more than half the crude produced.

Sina Azodi, a professor at George Washington University, discusses escalating protests in Iran and how sanctions and corruption are deepening the country’s economic crisis.

The United States Department of the Treasury has issued a new round of sanctions aimed at isolating Venezuela’s oil industry, as part of President Donald Trump’s pressure campaign against the South American country.

The sanctions announced on Wednesday target four companies and their associated oil tankers, which are allegedly involved in transporting Venezuelan oil.

Trump has claimed that Venezuelan leader Nicolas Maduro leads a so-called “narco-terrorist” government that seeks to destabilise the US, a charge repeated in the latest sanctions announcements.

“Maduro’s regime increasingly depends on a shadow fleet of worldwide vessels to facilitate sanctionable activity, including sanctions evasion, and to generate revenue for its destabilizing operations,” the Treasury said on Wednesday.

Petroleum is Venezuela’s primary export, but the Trump administration has sought to cut the country off from its international markets.

Wednesday’s notice accuses four tankers – the Nord Star, the Rosalind, the Valiant and the Della – of helping Venezuela’s oil sector to circumvent existing sanctions, thereby providing the “financial resources that fuel Maduro’s illegitimate narco-terrorist regime”.

“President Trump has been clear: We will not allow the illegitimate Maduro regime to profit from exporting oil while it floods the United States with deadly drugs,” said Treasury Secretary Scott Bessent.

“The Treasury Department will continue to implement President Trump’s campaign of pressure on Maduro’s regime.”

Claims on Venezuelan oil

The sanctions come a day after Washington imposed sanctions on a separate Venezuelan company it says assembled drones designed by Iran.

In recent months, the Trump administration has cited several motives for ratcheting up pressure against Venezuela, ranging from immigration to Maduro’s contested election in 2024.

Trump, for instance, has framed the pressure campaign as a means of stemming the trade of illegal drugs, despite Venezuela exporting virtually none of the administration’s main target, fentanyl.

Critics have also accused Washington of seeking to topple Maduro’s government to take control of the country’s vast oil reserves.

Trump officials have fuelled those suspicions with remarks seeming to assert ownership over Venezuela’s oil.

On December 17, a day after Trump announced a “total and complete blockade” of sanctioned oil tankers entering and leaving Venezuela, his top adviser, Stephen Miller, claimed that the US “created the oil industry in Venezuela”.

He suggested that the oil was stolen from the US when Venezuela nationalised its petroleum industry, starting in 1976.

That process accelerated after the 1998 election of socialist President Hugo Chavez, who reasserted state control over Venezuela’s oil sector, ultimately leading to the seizure of foreign assets in 2007.

That “tyrannical expropriation” scheme, Miller alleged, “was the largest recorded theft of American wealth and property”.

Still, one major US oil company, Chevron, continues to operate in the country.

Trump has echoed Miller’s claims, writing online that the US “will not allow a Hostile Regime to take our Oil, Land, or any other Assets”.

He added that all of those assets “must be returned to the United States, IMMEDIATELY”.

Military build-up in the Caribbean

In recent months, the Trump administration has tightened its focus on Venezuela’s oil industry, taking a series of military actions against tankers.

On December 10, the administration seized its first tanker, the Skipper, followed by a second seizure 10 days later.

The US military has reportedly been pursuing a third tanker as it crosses the Atlantic Ocean.

The attacks on the oil tankers come several months after the US began surging aircraft, warships and other military assets to the Caribbean region along Venezuela’s coast.

Since September 2, the US military has conducted dozens of bombing campaigns against alleged drug-smuggling boats in international waters in the Caribbean Sea and eastern Pacific, in what rights groups call extrajudicial killings.

More than 100 people have been killed, and the administration has offered scant legal justification for the attacks.

On Monday, Trump told reporters that the US had struck a “dock area” in Venezuela he claimed was used to load the alleged drug boats.

The dock bombing is believed to be the first of its kind on Venezuelan soil, though Trump has long threatened to begin attacking land-based targets.

While the administration has not officially revealed which agency was behind the dock strike, US media has widely reported it was conducted by the Central Intelligence Agency (CIA).

Washington accuses Tehran and Caracas of ‘reckless proliferation of deadly weapons’ amid spiraling tensions.

Washington, DC – The United States has issued sanctions against a Venezuelan company over accusations that it helped acquire Iranian-designed drones as Washington’s tensions with both Tehran and Caracas escalate.

The penalties on Tuesday targeted Empresa Aeronautica Nacional SA (EANSA), a Venezuelan firm that the US Department of the Treasury said “maintains and oversees the assembly of” drones from Iran’s Qods Aviation Industries, which is already under sanctions by Washington.

The department also sanctioned the company’s chairman, Jose Jesus Urdaneta Gonzalez, accusing him of coordinating “with members and representatives of the Venezuelan and Iranian armed forces on the production of UAVs [unmanned aerial vehicles] in Venezuela”.

“Treasury is holding Iran and Venezuela accountable for their aggressive and reckless proliferation of deadly weapons around the world,” Treasury official John Hurley said in a statement.

“We will continue to take swift action to deprive those who enable Iran’s military-industrial complex access to the US financial system,” he said. The sanctions freeze any assets of the targeted firms and individuals in the US and make it generally illegal for American citizens to engage in financial transactions with them.

In its statement, the US alleged Tehran and Caracas have coordinated the “provision” of drones to Venezuela since 2006.

Iran’s Ministry of Defence and Armed Forces Logistics (MODAFL) has been under US sanctions since 2020 for what Washington said is its role in both selling and procuring weapons. The US is by far the largest weapons exporter in the world.

On Tuesday, the US Treasury Department also imposed new sanctions against several Iranians it accused of links to Iran’s arms industry.

The actions came a day after President Donald Trump threatened more strikes against Iran if the country rebuilds its missile capabilities or nuclear programme.

The US had joined Israel in its attacks against Iran in June and bombed the country’s three main nuclear sites before a ceasefire ended a 12-day escalation.

“Now I hear that Iran is trying to build up again, and if they are, we’re going to have to knock them down,” Trump said on Monday during a joint news conference with visiting Israeli Prime Minister Benjamin Netanyahu. “We’ll knock them down. We’ll knock the hell out of them. But hopefully, that’s not happening.”

Iran was quick to respond to Trump’s threats.

“The response of the Islamic Republic of Iran to any oppressive aggression will be harsh and regrettable,” President Masoud Pezeshkian wrote in a social media post.

The Trump administration has also taken a confrontational approach towards Venezuela.

The US president announced this week that the US “hit” a dock in the Latin American country that he said was used to load drug boats. Details of the nature of the strike remain unclear.

Trump and some of his top aides have falsely suggested that Venezuela’s oil belongs to the US. Washington has also accused Venezuelan President Nicolas Maduro, without evidence, of leading a drug trafficking organisation.

The Trump administration has simultaneously been carrying out strikes against what it says are drug-running vessels in the Caribbean Sea and eastern Pacific Ocean, a campaign that many legal experts said violates US and international law and is tantamount to extrajudicial killings.

Over the past month, the US also has seized at least two oil tankers off the coast of Venezuela after Trump announced a naval blockade against the country.

Venezuela has rejected the US moves as “piracy” and accused the Trump administration of seeking to topple Maduro’s government.

The loudest question in Washington right now is whether Donald Trump is going to invade Venezuela. The quieter, and far more dangerous, reality is this: he probably won’t. Not because he cares about Venezuelan lives, but because he has found a strategy that is cheaper, less politically risky at home, and infinitely more devastating: economic warfare.

Venezuela has already survived years of economic warfare. Despite two decades of sweeping U.S. sanctions designed to strangle its economy, the country has found ways to adapt: oil has moved through alternative markets; communities have developed survival strategies; people have endured shortages and hardship with creativity and resilience. This endurance is precisely what the Trump administration is trying to break.

Rather than launching a military invasion that would provoke public backlash and congressional scrutiny, Trump is doubling down on something more insidious: total economic asphyxiation. By tightening restrictions on Venezuelan oil exports, its primary source of revenue, Trump’s administration is deliberately pushing the country toward a full-scale humanitarian collapse.

In recent months, U.S. actions in the Caribbean Sea, including the harassment and interdiction of oil tankers linked to Venezuela, signal a shift from financial pressure to illegal maritime force. These operations have increasingly targeted Venezuela’s ability to move its own resources through international waters. Oil tankers have been delayed, seized, threatened with secondary sanctions, or forced to reroute under coercion. The objective is strangulation.

This is illegal under international law.

The freedom of navigation on the high seas is a cornerstone of international maritime law, enshrined in the UN Convention on the Law of the Sea. Unilateral interdiction of civilian commercial vessels, absent a UN Security Council mandate, violates the principle of sovereign equality and non-intervention. The extraterritorial enforcement of U.S. sanctions, punishing third countries and private actors for engaging in lawful trade with Venezuela, has no legal basis. It is coercion, plain and simple. More importantly, the intent is collective punishment.

By preventing Venezuela from exporting oil, which is the revenue that funds food imports, medicine, electricity, and public services, the Trump administration is knowingly engineering conditions of mass deprivation. Under international humanitarian law, collective punishment is prohibited precisely because it targets civilians as a means to achieve political ends. And if this continues, we will see horrific images: empty shelves, malnourished children, overwhelmed hospitals, people scavenging for food. Scenes that echo those coming out of Gaza, where siege and starvation have been normalized as weapons of war.

U.S. actions will undoubtedly cause millions of Venezuelans to flee the country, likely seeking to travel to the United States, which they are told is safe for their families, full of economic opportunities, and security. But Trump is sealing the U.S. border, cutting off asylum pathways, and criminalizing migration. When people are starved, when economies are crushed, when daily life becomes unlivable, people move. Blocking Venezuelans from entering the United States while systematically destroying the conditions that allow them to survive at home means that neighboring countries like Colombia, Brazil, and Chile will be asked to absorb the human cost of Washington’s decisions. This is how empire outsources the damage. But these countries have their own economic woes, and mass displacement of Venezuelans will destabilize the entire region.

Venezuela is a test case. What is being refined now—economic siege without formal war, maritime coercion without declared blockade, starvation without bombs—is a blueprint. Any country that refuses compliance with Washington’s political and economic demands should be paying attention. This will be the map for 21st-century regime change.

And this is how Trump can reassure the United States Congress that he is not “going to war” with Venezuela. He doesn’t need to. Economic strangulation carries none of the immediate political costs of a military intervention, even as it inflicts slow, widespread devastation. There are no body bags returning to U.S. soil, no draft, no televised bombing campaigns. Just a steady erosion of life elsewhere.

Trump’s calculation is brutally simple: make Venezuelans so miserable that they will rise up and overthrow Maduro. That has been the same calculation behind U.S. policy toward Cuba for six decades—and it has failed. Economic strangulation doesn’t bring democracy; it brings suffering. And even if, by some grim chance, it did succeed in toppling the government, the likely result would not be freedom but chaos—possibly a protracted civil war that could devastate the country, and the region, for decades.

People in Venezuela celebrate Christmas and New Year’s gathered around the table to eat hallacas wrapped with care, slices of pan de jamón, and dulce de lechoza. They will share stories, dance to gaitas, and make a toast with Ponche Crema.

But if this economic siege continues, if Venezuelan oil is fully cut off, if the country is denied the means to feed itself, if hunger is allowed to finish what bombs are no longer politically useful to accomplish, then this Christmas may be remembered as one of the last Venezuelans were able to celebrate in anything resembling normal life, at least in the near future.

Polls consistently show that nearly 70 percent of people in the United States oppose a military intervention in Venezuela. War is recognized for what it is: violent, destructive, unacceptable. But sanctions are treated differently. Many people believe they are a harmless alternative, a way to apply “pressure” without bloodshed.

That assumption is dangerously wrong. According to a comprehensive study in medical journal The Lancet, sanctions increase mortality at levels comparable to armed conflict, hitting children and the elderly first. Sanctions do not avoid civilian harm – they systematically produce it.

If we oppose war because it kills, we must also oppose sanctions that do the same, only more quietly, more slowly, and with far less accountability. If we don’t act against economic warfare with the same urgency we reserve for bombs and invasions, then sanctions will remain the preferred weapon: politically convenient but equally deadly.

Michelle Ellner is the Latin America Campaign Coordinator at CODEPINK. Born in Venezuela, she holds a bachelor’s degree in Languages and International Affairs from Université Paris-Sorbonne (Paris IV). Her work focuses on U.S. foreign policy, economic sanctions, and solidarity with Latin America and the Caribbean.

The views expressed in this article are the author’s own and do not necessarily reflect those of the Venezuelanalysis editorial staff.

Source: Code Pink

Mexico City, Mexico, December 11, 2025 (venezuelanalysis.com) – Venezuela accused the United States of committing “international piracy” after US authorities seized an oil tanker in the Caribbean, denouncing the action as part of a long-running US campaign to strip the country of its energy resources.

US President Donald Trump announced Wednesday that Washington seized an oil tanker sanctioned by the US off Venezuela’s coast. He described the vessel as the largest oil tanker ever seized and indicated that the United States would retain the crude aboard. 

The move was met with a sharp rebuke from Caracas.

“The Bolivarian Government will appeal to all existing international bodies to denounce this grave international crime and will defend its sovereignty with absolute determination,” read the communiqué. “Venezuela will not allow any foreign power to take from the Venezuelan people what belongs to them by historical and constitutional right.”

According to Reuters, the “Skipper” tanker loaded an estimated 1.8 million barrels of crude at Venezuela’s José terminal early this month before unloading 200,000 to a Cuba-bound ship. The remaining cargo was believed to be destined for Asian markets. The move was viewed as aggression against Cuba as well, which relies on Venezuelan oil shipments for energy and income.

Cuban Foreign Minister Bruno Rodríguez Parilla condemned “the vile act of piracy” as a violation of international law.

Michael Galant, member of the Progressive International Secretariat, said that calling the US seizure an act of piracy fell short.

“This is the deliberate immiseration of the Cuban people, already suffering debilitating fuel shortages, blackouts, and a chikungunya outbreak thanks to the US blockade,” wrote Galant on social media.

US Attorney General Pam Bondi posted a video on social media on Wednesday evening showing armed US forces boarding the vessel. There was reportedly no resistance from the crew nor any casualties. The assault involved Coast Guard members, Marines, and special forces who were seen in the video descending from helicopters onto the ship’s deck.

The seizure of the tanker comes only days after Delaware District Judge Leonard P. Stark approved the sale of Venezuela’s US-based refiner CITGO to Amber Energy, a process that Venezuela called a “barbaric theft” of a Venezuelan asset via a “fraudulent process.” 

In past years, the United States has intercepted shipments of Iranian fuel bound for Venezuela, ultimately taking control of the gasoline and selling it at auction. While US-led sanctions have created significant challenges for the sale of Venezuelan oil on international markets, Wednesday’s seizure marks the first time the US has directly impeded a crude shipment of from Venezuela. Reuters reported that buyers in Asia were demanding further discounts on Venezuelan crude as a result of the seizure.

Trump’s latest move is a significant escalation in the latest US effort to oust the Nicolás Maduro government from power. Since September, the US has built up its forces in the region, including the mobilization of the Gerard Ford Carrier Fleet, and has carried out deadly strikes on boats that the administration claims are tied to drug trafficking. 

Washington’s decision to seize the tanker drew scrutiny from US lawmakers who have questioned the true intentions behind military mobilization and campaign in the Caribbean.

“If Trump’s aggression in the Caribbean is about drugs, why did he just seize an oil tanker?” asked US Representative Nydia Velázquez. “This is yet another dangerous escalation that brings us closer to a regime change war.”

Senator Mark Warner, who serves as the top Democrat on the Senate intelligence committee, questioned how the US was able to seize an oil tanker but has opted to strike alleged drug smuggling boats from the skies without an effort to arrest the occupants or seize the purported contraband. 

Democratic Senator Chris Van Hollen spoke Wednesday on the floor of Congress to call on lawmakers to stop Trump’s ”regime change war” against Venezuela.

Caracas maintains that the US attacks are motivated by a desire for regime change in order to secure access to Venezuela’s natural resources.

Venezuelan opposition leader María Corina Machado, speaking from Oslo where she traveled to receive her Nobel Peace Prize, publicly endorsed the seizure of the tanker as a “very necessary step.”

Juan González, Joe Biden’s former chief Latin America adviser and the architect behind the former president’s Venezuela policy, said that a US Naval blockade was “potentially a viable option” despite admitting that it would constitute an act of war against Venezuela.

The White House has repeatedly threatened further escalation, including land strikes. The New York Times reported that US officials expected additional seizures in the coming weeks. This action would constitute an act of force and place additional pressure against Venezuela’s oil industry.

The United Nations (UN) Charter expressly prohibits all Member States from using or threatening force against the territorial integrity or political independence of another state. Blockades imposed without a declaration of war or that are not sanctioned by the UN Security Council are not considered legal. Likewise, UN independent experts have consistently maintained that the extraterritorial application of unilateral sanctions is contrary to international law.

Edited by Ricardo Vaz in Caracas.

Beijing urged the US to cease ‘dangerous’ efforts to arm the island, which it claims as its own.

China has sanctioned a group of United States defence companies and senior executives over weapons sales to Taiwan, the latest move against Washington’s support for the self-governed island that Beijing claims as its own.

China’s Ministry of Foreign Affairs announced the measures on Friday, targeting 20 US defence firms and 10 individuals. It said the sanctions are retaliation for the US’s newly announced $11.1bn weapons package for Taiwan, one of its largest ever for the territory.

“Any provocative actions that cross the line on the Taiwan issue ‌will be met with a strong ⁠response from China,” said a statement from the ministry, urging the US to cease “dangerous” efforts to arm the island.

The sanctioned companies include Boeing’s St Louis branch, Northrop Grumman Systems Corporation, L3Harris Maritime Services and Lazarus AI.

The measures freeze these companies’ assets in China and bar domestic organisations and individuals from working with them, according to the ministry. They also seize the China-held assets of sanctioned individuals and ban them from entering China.

Targeted individuals include the founder of defence firm Anduril Industries and nine senior executives from the sanctioned firms. The measures take effect on December 26.

The US is bound by law to provide Taiwan, which rejects Beijing’s claim to the territory, with the means to defend itself. But US arms sales to the island have deepened tensions with China.

The latest US weapons deal with Taiwan, announced by President Donald Trump on December 17, includes the proposed sale of 82 High Mobility Artillery Rocket Systems, or HIMARS, and 420 Army Tactical Missile Systems, or ATACMS – worth more than $4bn.

The defence systems are similar to what the US had been providing Ukraine to defend against Russian aerial attacks.

The deal also includes 60 self-propelled howitzer artillery systems and related equipment worth more than $4bn and drones valued at more than $1bn.

Taiwan’s Ministry of National Defence praised the US for assisting Taiwan “in maintaining sufficient self-defence capabilities and in rapidly building strong deterrent power”.

Caracas, December 12, 2025 (venezuelanalysis.com) – The US Treasury Department levied new sanctions against the Venezuelan oil industry as the Trump White House looks to strangle the Caribbean nation’s most important revenue source.

On Thursday, the Treasury’s Office of Foreign Assets Control (OFAC) blacklisted six shipping companies for allegedly transporting Venezuelan crude. OFAC likewise identified six tankers, one from each sanctioned firm, as blocked property.

“Today’s action also targets Venezuela’s oil sector, which continues to fund Maduro’s illegitimate regime,” the US Treasury stated in a press release.

The Trump administration’s latest coercive measures mark an escalation in its efforts to target Venezuela’s oil industry. During his first term, Trump introduced a “maximum pressure” campaign that included financial sanctions, an export embargo and secondary sanctions against Venezuela’s oil sector.

In his second term, the White House withdrew Chevron’s license to extract and export crude from its ventures in Venezuela before issuing a new, limited waiver in May.

The latest sanctions come amid a large-scale US military buildup and deadly operations in the Caribbean under a self-declared anti-narcotics mission. However, reports from specialized agencies have contradicted the White House’s “narcoterrorism” accusations against Caracas.

Trump has issued repeated threats to attack purported drug targets inside Venezuelan territory. Analysts and political figures have argued that Washington’s true goal is regime change in order to take control of Venezuelan natural resources.

On Wednesday, the US Coast Guard led the seizure of an oil tanker carrying Venezuelan crude. The Skipper, which had been blacklisted by the US Treasury in 2021 for allegedly transporting Iranian crude, was commandeered in international waters while carrying an estimated 1.6 million barrels of crude bound for Asian markets. 

Caracas condemned the move as “international piracy” and vowed to denounce it before international bodies. US officials told Reuters that more seizures are expected in the near future, while former Biden administration advisor Juan González raised the prospect of a naval blockade against the South American country.

Washington’s tanker drew widespread rejection, with US anti-war collective Code Pink calling it “21st century piracy.” The American Association of Jurists likewise issued a statement condemning US actions as illegal and a violation of international law.

US authorities had previously seized Venezuela-bound Iranian fuel in 2020. In November, a US warship blocked the path of a Russian tanker, forcing it to make a U-turn before eventually reaching its destination in eastern Venezuela.

Thursday’s coercive measures likewise included individual sanctions against Ramón Carretero, Carlos Malpica, Efrain Campo and Franqui Flores. Carretero, a Panamanian national, was targeted for alleged involvement in Venezuelan oil sales.

Malpica, Campo and Flores are nephews of Venezuelan First Lady and National Assembly Deputy Cilia Flores. Malpica had been previously designated in 2017 before being withdrawn from OFAC’s List of Specially Designated Nationals and Blocked Persons (SDN List) in 2022. Campo and Flores were serving 18-year sentences on drug trafficking charges when they were released by the Biden administration in a prisoner exchange in 2022.

The sanctioned companies and individuals will see any US-based assets frozen, while US persons and firms are barred from conducting any business with them.

Oil production remains stable

Amidst recent US threats and escalatory actions, Venezuela’s oil sector has maintained a steady output level.

According to OPEC, production stood at 934,000 barrels per day (bpd) in November, slightly below 961,000 bpd in October, as measured by secondary sources. Venezuela’s oil industry recovered from decades-low output levels in 2020 but has not managed to surpass the 1 million bpd threshold.

In contrast, state oil company PDVSA reported a higher output of 1.14 million bpd in November. The direct and secondary measurements have differed over time due to disagreements on the inclusion of natural gas liquids and condensates.

The recent tanker seizure is expected to hit Venezuelan oil revenues through higher shipping and insurance costs. PDVSA is forced to rely on intermediaries and levy significant discounts in order to place crude cargoes in international markets.

An oversupply of sanctioned crude from Iran and Russia has likewise cut into PDVSA’s profit margins in recent weeks.

Edited by Cira Pascual Marquina in Caracas.

Caracas, December 23, 2025 (venezuelanalysis.com) – US President Donald Trump made new regime change threats against Venezuela and President Nicolás Maduro.

In a Monday press conference, Trump answered “probably” when asked if Washington intended to oust the Venezuelan leader but said it was up to Maduro to leave power.

“That’s up to him what he wants to do. I think it’d be smart for him to do that. But again, we’re gonna find out,” the US president told reporters in Mar-a-Lago, Florida.

Trump went on to warn the Venezuelan president not to “play tough.” “If he plays tough, it’ll be the last time he’s ever able to play tough,” he said.

The US president also said that land strikes against alleged drug cartels would start soon. He has issued such a threat on repeated occasions since September. He likewise repeated past unfounded claims that Venezuela sent “millions of people” to the US, many of them prisoners and mental patients.

Trump’s escalated rhetoric against Caracas followed ramped-up efforts to enforce a naval blockade and paralyze Venezuelan oil exports. On Saturday, the US Coast Guard boarded and seized the Centuries tanker east of Barbados in the Caribbean Sea.

The Panama-flagged ship had recently loaded a reported 1.8 million barrels of Merey crude at José terminal in eastern Venezuela for delivery in China. According to maritime vessel sources, the tanker is owned by a Hong Kong company and had transported Venezuelan oil several times in recent years. 

The takeover operation was led by the US Coast Guard, with White House officials sharing footage of the boarding on social media.

The Centuries’ seizure followed a similar operation targeting the Skipper tanker on December 10. However, unlike the Skipper, the Centuries was not blacklisted by the US Treasury Department. 

US officials referred to the tanker as transporting “sanctioned oil.” Analysts argued that the ambiguous definition is meant to allow US authorities to go after any vessel moving Venezuelan crude in an effort to drive shipping companies away from the Caribbean nation’s oil sector.

The White House’s threats and vessel seizures have already led several tankers to reverse course while en route to Venezuela, with customers reportedly demanding greater oil discounts in Venezuelan crude purchases. The South American oil industry might soon be forced to cut back production if it runs out of storage space.

On Sunday, US forces attempted to board a third tanker, the Guyana-flagged Bella 1 that was headed to Venezuela to load oil. However, the ship’s captain allegedly refused to allow the US Coast Guard’s boarding and turned the vessel back toward the Atlantic Ocean. According to reports, US forces continue to pursue the Bella 1.

Trump announced a naval blockade while demanding that Venezuela return “oil, land and other assets” that were “stolen,” in reference to nationalizations in past decades. Foreign corporations that saw their assets expropriated either agreed to compensation or pursued international arbitration.

The tanker seizures, alongside renewed sanctions targeting the Venezuelan oil industry, came amid a massive US military deployment in the Caribbean on the edge of Venezuelan territory. The build-up was originally declared as an anti-narcotics mission before Washington shifted the discourse toward oil and regime-change.

China and Russia express support

The Venezuelan government has condemned the US military threats and attacks against the oil industry. In a communique issued on Saturday, Caracas decried the second tanker seizure as a “serious act of piracy” and vowed to denounce it before multilateral bodies.

In recent days, the Maduro government received backing from China and Russia, two of its most important allies.

In a Monday press conference, Chinese Foreign Ministry spokesperson Lin Jian criticized the tanker seizures as violations of international law and stated Beijing’s opposition to “unilateral and illegal actions.” The official urged a response from the international community.

Likewise on Monday, Venezuelan Foreign Minister Yván Gil held a phone call with Russian counterpart Sergei Lavrov. According to Gil, Moscow’s top diplomat reiterated support for Venezuela in the face of “US hostilities.”

The UN Security Council is scheduled to meet on Tuesday afternoon at Venezuela’s request to address the most recent US escalations.

In our Donald-in-Wonderland world, the US is at war with Venezuela while still grasping for a public rationale. The horrific human toll is real – over a 100,000 fatalities from illegal sanctions and over a hundred from more recent “kinetic strikes.” Yet the officially stated justification for the US empire’s escalating offensive remains elusive. 

The empire once spun its domination as “democracy promotion.” Accordingly, State Department stenographers such as The Washington Post framed the US-backed coup in Venezuela – which temporarily overthrew President Hugo Chávez – as an attempt to “restore a legitimate democracy.” The ink had barely dried on The New York Timeseditorial of April 13, 2002 – which legitimized that imperial “democratic” restoration – before the Venezuelan people spontaneously rose up and reinstated their elected president.

When the America Firsters captured the White House, Washington’s worn-out excuse of the “responsibility to protect,” so beloved by the Democrats, was banished from the realm along with any pretense of altruism. Not that the hegemon’s actions were ever driven by anything other than self-interest. The differences between the two wings of the imperial bird have always been more rhetorical than substantive. 

Confronted by Venezuela’s continued resistance, the new Trump administration retained the policy of regime change but switched the pretext to narcotics interdiction. The Caribbean was cast as a battlefield in a renewed “war on drugs.” Yet with Trump’s pardon of convicted narco-trafficker and former Honduran President Juan Orlando Hernández – among many other contradictions – the alibi was wearing thin.

Venezuelan oil tankers blockaded

The ever-mercurial US president flipped the narrative on December 16, announcing on Truth Social that the US would blockade Venezuelan oil tankers. He justified this straight-up act of war with the striking claim that Venezuela had stolen “our oil, our land, and other assets.”

For the record, Venezuela had nationalized its petroleum industry half a century ago. Foreign companies were compensated.

This presidential social media post followed an earlier one, issued two weeks prior, ordering the airspace above and surrounding Venezuela “closed in its entirety.” The US had also seized an oil tanker departing Venezuela, struck several alleged drug boats, and continued to build up naval forces in the region.

In response to the maritime threat, President Nicolás Maduro ordered the Venezuelan Navy to escort the tankers. The Pentagon was reportedly caught by surprise. China, Mexico, Brazil, BRICS, Turkey, along with international civil society, condemned the escalation. Russia warned the US not to make a “fatal mistake.”

The New York Times reported a “backfire” of nationalist resistance to US aggression among the opposition in Venezuela. Popular demonstrations in support of Venezuela erupted throughout the Americas in Argentina, Panama, Ecuador, Peru, Mexico, Brazil, Colombia, Honduras, and the US.

Trump’s phrasing about Venezuela’s resources is not incidental. It reveals an assumption that precedes and structures the policy itself: that Venezuelan sovereignty is conditional, subordinate to US claims, and revocable whenever it conflicts with Yankee economic or strategic interests. This marks a shift in emphasis, not in substance; drugs have receded from center stage, replaced by oil as the explicit casus belli.

The change is revealing. When Trump speaks of “our” oil and land, he collapses the distinction between corporate access, geopolitical leverage, and national entitlement. Venezuelan resources are no longer considered merely mismanaged or criminally exploited; they are portrayed as property wrongfully withheld from its rightful owner.

The day after his Truth Social post, Trump’s “most pointless prime-time presidential address ever delivered in American history” (in the words of rightwing blogger Matt Walsh) did not even mention the war on Venezuela. Earlier that same day, however, two House resolutions narrowly failed that would have restrained Trump from continuing strikes on small boats and from exercising war powers without congressional approval.

Speaking against the restraining resolutions, Rep. María Elvira Salazar – the equivalent of Lewis Carroll’s Red Queen and one of the far-right self-described “Crazy Cubans” in Congress – hailed the 1983 Grenada and 1989 Panama invasions as models. She approvingly noted both were perpetrated without congressional authorization and suggested Venezuela should be treated in the same way.

The votes showed that nearly half of Congress is critical – compared to 70% of the general public – but their failure also allows Trump to claim that Congress reviewed his warlike actions and effectively granted him a mandate to continue.

Non-international armed conflict

In this Trumpian Wonderland, a naval blockade with combat troops rappelling from helicopters to seize ships becomes merely a “non-international armed conflict” not involving an actual country. The enemy is not even an actual flesh and blood entity but a tactic – narco-terrorism.

Trump posted: “Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION.” Yet FTOs are non-state actors lacking sovereign immunities conferred by either treaties or UN membership. Such terrorist labels are not descriptive instruments but strategic ones, designed to foreclose alternatives short of war.

In a feat of rhetorical alchemy, the White House designated fentanyl a “weapon of mass destruction.” Trump accused Venezuela of flooding the US with the deadly synthetic narcotic, when his own Drug Enforcement Administration says the source is Mexico. This recalls a previous disastrous regime-change operation in Iraq, also predicated on lies about WMDs.

Like the Cheshire Cat, presidential chief of staff Susie Wiles emerges as the closest to a reliable narrator in a “we’re all mad here” regime. She reportedly said Trump “wants to keep on blowing boats up until Maduro cries uncle,” openly acknowledging that US policy has always been about imperial domination.

The oil is a bonus for the hegemon. But even if Venezuela were resource-poor like Cuba and Nicaragua, it still would be targeted for exercising independent sovereignty.

Seen in that light, Trump’s claim that Venezuela stole “our” oil and land is less an error than a confession. It articulates a worldview in which US power defines legitimacy and resources located elsewhere are treated as imperial property by default. The blockade is not an aberration; it is the logical extension of a twisted belief that sovereignty belongs to whoever is strong enough to seize it. Trump is, in effect, demanding reparations for imperialists for the hardship of living in a world where other countries insist their resources belong to them.

Roger D. Harris is a founding member of the Venezuela Solidarity Network and is active with the Task Force on the Americas and the SanctionsKill Campaign.

Source: Countercurrents

The United States Department of the Treasury has announced new sanctions on several family members and associates of Venezuelan President Nicolas Maduro, as the Trump administration increases pressure on Caracas and continues to build up US forces on Venezuela’s borders.

The sanctions announced on Friday come as the US military continues attacks on boats off the country’s coast, which have killed more than 100 people. The US military has also seized a Venezuelan oil tanker and imposed a naval blockade on all vessels arriving and departing from Venezuelan ports that are under US sanctions.

Announcing the new sanctions, US Secretary of the Treasury Scott Bessent said in a statement that “Maduro and his criminal accomplices threaten our hemisphere’s peace and stability”.

“The Trump Administration will continue targeting the networks that prop up his illegitimate dictatorship,” Bessent added.

The new sanctions target seven people who are family members or associates of Malpica Flores, a nephew of Maduro, and Panamanian businessman Ramon Carretero, who were named in an earlier round of US sanctions that also targeted six Venezuela-flagged oil tankers and shipping firms, on December 11.

Flores, who is one of three of Maduro’s nephews by marriage, dubbed “narco-nephews” by the US Treasury Department, is wanted because he “has been repeatedly linked to corruption at Venezuela’s state-run oil company, Petroleos de Venezuela, SA”, the Treasury said in a statement.

It was not immediately clear how Flores’s role in Venezuela’s state-run oil company related to “propping up Nicolas Maduro’s rogue narco-state”, which Bessent said in his statement was the reason for widening sanctions to additional family members and associates of the president.

The US has claimed that tackling drug trafficking is the primary reason for its military escalation in the region since September, including the strikes on vessels in the eastern Pacific and Caribbean, which international law experts say amount to extrajudicial killings.

Despite the Trump administration’s repeated references to drug trafficking, its actions and messaging appear increasingly focused on Venezuela’s oil reserves, which are the largest in the world. The reserves have remained relatively untapped since sanctions were imposed on the country by the US during the first Trump administration.

Homeland Security adviser and top Trump aide Stephen Miller said last week that Venezuela’s oil belongs to Washington.

“American sweat, ingenuity and toil created the oil industry in Venezuela,” Miller claimed on X. “Its tyrannical expropriation was the largest recorded theft of American wealth and property,” he added.

US sanctions, particularly those targeting Venezuela’s oil industry, have contributed to an economic crisis in the country and increased discontent with Maduro, who has governed Venezuela since 2013.

For his part, Maduro has accused the Trump administration of “fabricating a new eternal war” aimed at “regime change” and seizing Venezuela’s vast oil reserves.

The European Union has also imposed targeted sanctions on Venezuela, which it renewed last week until 2027.

The European sanctions, first introduced in 2017, include an embargo on arms shipments to Venezuela, as well as travel bans and asset freezes on individuals linked to state repression.