
United States forces executed back-to-back seizures of two major oil tankers on Wednesday, marking a significant escalation in the naval blockade of Venezuela. The operations, part of the broader Operation Southern Spear, targeted vessels accused of defying sanctions and operating within the dark fleet to transport Venezuelan crude.
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The Government of Panama will take disciplinary action against several oil tankers registered under its flag targeted by the United States for alleged irregularities, Foreign Minister Javier Martínez-Acha announced Friday. These vessels failed to respect Panamanian maritime legislation, he explained.

US President Donald Trump ordered on Tuesday a total and complete naval blockade of all sanctioned oil tankers traveling to and from Venezuela, marking the most aggressive move against Caracas' energy sector to date. The announcement came after the recent seizure of a sanctioned vessel.

The United States seized a large oil tanker in international waters off the coast of Venezuela on Wednesday in a high-stakes maritime operation, marking a significant escalation in the pressure campaign against the Bolivarian regime of Nicolás Maduro.

US Secretary of State Mike Pompeo on Thursday blamed Iran for attacks this month on oil tankers in the Gulf, saying it was an effort by Tehran to raise the global price of oil.

Oil prices were testing fresh lows on Thursday, with a report that 100 million barrels of crude and heavy oil products are being held in ships at sea. West Texas Intermediate oil, the main North American contract, fell below $42 US a barrel, amid predictions that it would fall to the $20-30 level next year.