US Sanctions and Seizure of Oil Tankers Linked to Venezuela

The Trump administration's actions involving the blockade and seizure of oil tankers linked to Venezuela in international waters mark a controversial move in US foreign policy. These actions, taken without the approval of the US Congress, have raised concerns about potential global conflict.

Motives and Implications

• The US seized two tankers, with a third being pursued, alleging links to a shadow fleet used by Venezuela, Iran, and Russia to bypass Western sanctions and transport oil primarily to China and India.
• Questions about the administration's motives arise as at least one seized tanker was not on the official sanctions list.
• President Trump's statement about selling or adding the seized oil to US strategic reserves adds to the ethical concerns.

International Reactions and Potential Conflict

• France and Estonia have conducted similar interdictions on the Russian dark fleet.
• Russia has shown willingness to provide military protection for its fleet.
• China has criticized the US actions as serious violations of international law, increasing tensions globally.

Impact on Venezuela and Maduro's Regime

• The US has targeted Nicolás Maduro, aiming for regime change, despite a failed attempt in 2020.
• Sanctions on Venezuelan oil have severely damaged the country's economy, which heavily relies on oil exports.
• Claims by the Trump administration regarding Venezuela's involvement in illegal activities lack substantial evidence.

Consequences for India

• India's energy security is threatened due to its reliance on Venezuelan heavy crude oil.
• ONGC Videsh, with significant investments in Venezuela, faces challenges with around $600 million stuck due to sanctions.
• India's exports of pharmaceuticals and textiles to Venezuela have declined, posing economic risks.
• India's criticism of US actions is limited by the delay in finalizing a trade deal with Washington.