The United States is handing over a seized tanker to Venezuelan authorities, two US officials said on Wednesday. The tanker is the Panama‑flagged supertanker M/T Sophia, which was seized earlier this month under sanctions. Officials did not explain why the ship was returned in this unusual move. The US has been intercepting oil tankers linked to […]
Trump administration Venezuela
US set to lift Venezuela sanctions, economic recovery expected
US Treasury Secretary Scott Bessent announced that additional sanctions on Venezuela could be lifted as soon as next week, aiming to facilitate oil sales and encourage the return of private investment to the country. Bessent revealed that almost $5 billion in Venezuela’s frozen IMF Special Drawing Rights could be deployed to help rebuild the economy, […]