Maduro trapped with few retaliation options after Trump admin seizes Venezuelan oil tanker
The Trump administration’s latest offensive move against Venezuela, the seizure of a tanker carrying U.S.-sanctioned oil, has triggered predictable outrage from Venezuelan President Nicolás Maduro’s government. But behind the rhetorical...
By Fox News · Fox News
The Trump administration’s latest offensive move against Venezuela, the seizure of a tanker carrying U.S.-sanctioned oil, has triggered predictable outrage from Venezuelan President Nicolás Maduro’s government. But behind the rhetorical fire, analysts say the regime has few practical ways to hit back without doing even more damage to itself. Experts say that Maduro could target U.S. oil interests in Venezuela, but doing so would almost certainly inflict more pain on his own cash-starved regime than on the United States. Maduro could also halt U.S.-chartered deportation flights , but again, would be harming his own interests, experts say. MADURO’S FORCES FACE RENEWED SCRUTINY AS US TENSIONS RISE: ‘A FORTRESS BUILT ON SAND’ "Venezuelans are just leaving the country because of the terrible conditions the regime has created," said Connor Pfeiffer, a Western Hemisphere analyst at FDD Action. "By having people come back, even if they're on U.S. charter deportation flights, it kind of counters that narrative." Western oil firms have significantly decreased their presence in Venezuela, home to world’s largest proven oil reserves, in recent years due to sanctions. But U.S.-owned Chevron does still maintain a license to operate there, on the condition that the Maduro regime does not financially benefit from its operations. Instead, Chevron hands over to Maduro half of its oil production as payment, according to multiple reports. "Chevron’s operations in Venezuela continue in full compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government," a Chevron spokesperson told Fox News Digital. Imports of Venezuelan crude have declined to roughly 130,000 barrels per day (bpd) to 150,000 bpd in recent months, below the nearly 300,000 bpd seen under the prior petroleum licensing regime under the Biden administration. Most of Venezuela’s exports are now routed to Asia, with the bulk ultimately landing in China…