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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.

Dec. 20 (UPI) — Officials for the European Union have agreed to loan $105 billon to Ukraine to help it stay financially solvent over the next two years amid Russian attacks in the Odesa region.

The money is in lieu of an allocation to Ukraine from frozen Russian assets equal to nearly $246 billion and being held in Belgium, the BBC reported.

The funds are equal to about two-thirds of the amount that Ukraine will need to pay its bills and give it a stronger bargaining position as peace talks continue with the aim of ending the Ukraine War that started when Russia invaded its neighbor on Feb. 24, 2022, according to The New York Times.

Ukrainian President Volodymyr Zelensky said the loan is interest-free and only would be repaid if Russia were required to pay reparations to Ukraine.

News of the E.U. allocation comes after a Russian missile strike near Odesa that killed eight and injured 27 others on Friday night, CNN reported.

Russian missiles struck a port facility in Pivdenne, and some of those killed and wounded were on a bus that was struck during the attack.

The missile strikes were part of an ongoing aerial campaign against the Odesa region over the past nine days and caused a power outage in Odesa, which is located on the Black Sea and about 300 miles south of Kyiv.

Two bridges in southern and northern Odesa were knocked out in recent strikes and are being repaired.

Russian forces also are targeting the energy infrastructure in Ukraine and have used drones and missiles to damage or destroy many targets in recent months.

After Friday afternoon’s practice, USC football coach Lincoln Riley said he had no update on D’Anton Lynn, who has been the target of Penn State’s defensive coordinator search.

Penn State showed interest in Lynn last year before he received a contract extension from USC. Lynn was hired by the Trojans after a successful season as the defensive coordinator at UCLA.

“This is what happens this time of year, especially when you have a really good staff and are doing a lot of positive things,” Riley said. “We’re excited about having the opportunity to keep continuity but if there is turnover, not just with that position but any position, these are coveted jobs. It’s just part of the world we live in.

“Obviously, D’Anton has done a really good job here and we’ll see how it turns out.”

Being prepared for change is a must in the current college football climate, Riley said.

“Contingency plans for coaches, players, staff, everyone because so much can and does change,” Riley said. “Our job is to be prepared and have flexibility. You can’t always predict everything that’s going to happen but you have to be ready to adjust. Yeah, every team goes through it on some level and you try to handle it as well as you can.”

Riley has liked what he has seen in practice as USC (9-3) prepares for its Alamo Bowl matchup against Texas Christian on Dec. 30.

“We’ve done a really good job the last couple of years of going to work and we’re not thinking about what players or coaches are here or aren’t here,” Riley said. “It’s all about trying to maximize this time and build for the future.”

USC announced Tuesday that redshirt junior quarterback Jayden Maiava had re-signed for the upcoming season and is not joining Makai Lemon and Ja’Kobi Lane — USC’s two best receivers — in declaring for the 2026 NFL draft.

“It’s great. Anytime you can get a returning guy like that who has played a good amount of football, it’s important,” Riley said of Maiava. “He’s also become a good leader in this program and I’d expect that to continue to improve. The majority of this team has already re-signed, we know those guys are going to be here and it’s cool for those guys to show how much they believe in this place and what we’re doing.

“The exciting thing is you look ahead and you start to imagine pairing what we have coming back with what’s going to be walking through the door here in three weeks or so, but it starts with your veterans who have been through the fire and we have a lot of them back.”

Maiava, one of the last players to leave the practice field Friday, made it clear why he chose to stay.

“Coach Riley,” Maiava said. “Of course, the staff too and my brothers. I’m super grateful to be back out here. I’m focused on a day at a time, staying level-headed, making the right decisions and just taking care of the ball.”

Maiava is happy for Lemon, who won the Biletnikoff Award as college football’s top receiver after catching 79 passes for 1,156 yards and 11 touchdowns as a junior this season.

“It was awesome, everybody was there in the lobby when we found out … it’s well-deserved,” Maiava said. “He and Ja’Kobi set the standard for everyone. He won the award, so I’d say we had pretty good chemistry even off the field going out to eat and places. I had to do my job, but he did his job, too, as best he could.”

Defensive end Braylan Shelby also is grateful to be back with the Trojans for another season.

“I always knew I wanted to be here, he said. “Bowl games mean a lot and it’s a time for the team to put it all together and play together one last time.”

Regarding the new NFL model for announcing re-signings, Shelby said: “Some people love it, some hate it. … USC is a step ahead of the game and I think it’s the right step. In this NIL era, it helps fans know who’s returning.”

Having re-signed, junior safety Christian Pierce is excited about being a potential starter next fall.

“The bowl game is a huge start going into next season in terms of building the culture,” Pierce said. “My focus is on trying to understand the defense even more and the skills and techniques I’ll need to get better at. The talk after re-signing was more on the coaching staff and the program.”

Riley praised offensive lineman Tobias Raymond on his willingness and ability to play multiple positions on the front line.

“He was one of the most important players on the entire team,” Riley said. “His toughness was off the charts, his versatility with all the different lineups we played, being able to physically and mentally handle that. He was just a steadying presence. He’ll be a huge key coming back as a captain, a leader and a player. As many of those guys as you can have in a locker room — you’ll be a lot closer to winning.”

Much to his coach’s liking, Raymond has embraced his leadership role.

“I’ve just tried to be more vocal, set an example and hold other people to the standard our coaches have put out for us,” said the 6–foot-6, 315-pound redshirt sophomore out of Ventura. “Pick people up when things are low and when things are high making sure we’re keeping level-headed.”

Regarding the transfer portal, Riley said he plans to be less reliant on it than in previous years.

“The number we’re talking about is so much less than before, so moving forward we’ll be able to zero in on what we’re going to go after. So the picture is starting to become clearer on what we’ll be targeting.”

A new escalation in the clashes between Thailand and Cambodia has seen Royal Thai Air Force (RTAF) F-16 fighters deliver airstrikes along the disputed border between the two countries. The nations are now blaming each other for breaching a ceasefire deal that was brokered by U.S. President Donald Trump.

In a statement, the RTAF said it had struck Cambodian “military targets” in several areas along the roughly 500-mile border. At the same time, it accused Cambodia of mobilizing heavy weaponry and repositioning combat units. A Thai military official told Reuters that the targets included long-range artillery positions. The Thai military also released imagery that it said showed airstrikes against a Cambodian military position, as seen below.

The RTAF has a relevant fleet of F-16s, comprising 36 single-seat F-16As and 14 two-seat F-16Bs. These are the survivors from a total of 52 F-16A/Bs that were delivered by the United States under four separate orders plus seven more F-16A/Bs that were donated by Singapore.

TWZ has approached the U.S. government for clarity on whether Washington approved the use of the F-16s against Cambodia. Thailand is a major U.S. ally in the region.

In terms of Cambodian heavy weaponry, Thailand has highlighted the presence of what it says are Chinese-made PHL-03 multiple rocket launchers, only six of which are understood to be in use. These systems are within range of a provincial airport and a state-run district hospital, according to Thai Ministry of Defense spokesman Rear Admiral Surasant Kongsiri. He added that Cambodia had also deployed Soviet-era BM-21 multiple rocket launchers.

“Based on our intelligence as well, there have been attempts … to lock on the coordinates of these facilities,” the spokesman added, without providing evidence of how this was determined.

Thailand’s military said the latest airstrikes were launched after one of its soldiers was killed and another four were wounded in fighting along the tense border this morning.

Earlier today, there were unconfirmed reports that a Thai Army unit had taken control of the village of Pairachan/Prey Chan in the disputed zone. Security-camera imagery purportedly from the area showed the Royal Thai Army moving in M113 series armored personnel carriers.

BREAKING: Thailand Army soldiers crossed into Cambodia and seized the disputed Pairachan (Prey Chan) village in Banteay Meanchey after two days of border clashes.

Thailand says it acted in self-defense after Cambodian attacks.

Cambodia calls it an unprovoked invasion. pic.twitter.com/TWmVPWUUrD

— Clash Report (@clashreport) December 8, 2025

Other footage showed a Royal Thai Army Scorpion light tank opening fire on Cambodian positions.

For its part, the Cambodian Ministry of Defense blames Thailand for the escalation, accusing Thai forces of launching attacks on its troops on Monday. The ministry said that Cambodia had not retaliated, despite “provocative actions for many days.”

The latest clashes have also seen the deaths of four Cambodian civilians. They were killed in Oddar Meanchey and Preah Vihear provinces, according to Cambodia’s information minister, Neth Pheaktra.

Meanwhile, tens of thousands of people have been forced to flee their homes in the border region.

Based on statements from Thai authorities, more than 385,000 civilians have been ordered to evacuate from border areas across four provinces. Of those, around 35,000 people were registered at shelters as of Monday morning, they added.

People have also fled villages on the Cambodian side of the border. The Cambodian Ministry of Information says that 1,157 families have been evacuated to safe areas.

There is now an escalating war of words on the political side.

In a statement, Thai Prime Minister Anutin Charnvirakul said the country did not want violence and refuted claims that his country had initiated the conflict. “However, Thailand will not tolerate violations of its sovereignty and will proceed rationally and with due regard for the principles of peace, security, and humanity,” he said.

#Thailand | #Cambodia

Footage showing a RCA fortification along the Thai-Cambodian Border.

This position features a 75 mm Type 56 RCL (PRC copy of the M20), whose trigger is wired to a cord.

The video also shows the ammunition crates used to supply this fighting position.

/1 pic.twitter.com/6hn5IwqQtL

— T-55AM1 (@T_55AM1_) December 8, 2025

The former prime minister of Cambodia, Hun Sen, who remains a very influential figure, called upon his country’s forces to exercise restraint, but blamed Thailand for trying to “pull us into retaliation.”

“The red line for responding has already been set. I urge commanders at all levels to educate all officers and soldiers accordingly,” Hun Sen said in a Facebook post.

The fighting between Thailand and Cambodia was one of the “eight raging conflicts” that were “settled” by the Trump administration, according to the newly released National Security Strategy.

The ceasefire came after a previous spike in tensions in May, including an exchange of fire between troops in a contested area, which left one Cambodian soldier dead. Then came a series of tit-for-tat actions by both governments, including airstrikes, leading to a full-blown conflict over five days in July. This killed at least 48 people and forced another 300,000 to flee their homes.

Tensions have remained high despite the ceasefire agreement, with both sides accusing each other of violations, and Thailand announcing in November that it was suspending the deal.

Trump then intervened, and a ceasefire was agreed around six weeks ago. Washington applied pressure by threatening to suspend trade talks unless a peace deal was brokered. Malaysia and China also both pushed for a settlement.

The U.S. president said he’d “stopped a war” through the use of tariffs and said, “I think they’re gonna be fine.”

However, the ceasefire never looked particularly strong, and last month Thailand said it was suspending the deal. In stepping away from the settlement, Thailand accused Cambodia of laying more landmines along the border. One of these wounded a Thai soldier, Bangkok said.

The border dispute has a long history, dating back to the period of French colonial rule, at the beginning of the 20th century, when a boundary was drawn up to separate Cambodia, which it ruled until 1953, from Thailand. Since then, there have been periodic tensions between the two countries, resulting from disagreements over where the border should lie.

Anwar Ibrahim, the prime minister of Malaysia, who helped broker the original ceasefire, called upon Thailand and Cambodia to avoid further escalation. He said the latest violence risked “unravelling the careful work that has gone into stabilizing relations between the two neighbors.”

“We urge both sides to exercise maximum restraint, maintain open channels of communication, and make full use of the mechanisms in place,” Anwar said.

So far, Trump has not responded to the renewed fighting.

For now, however, both sides show little interest in appeasement.

Contact the author: thomas@thewarzone.com