• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

US set to seize tens of millions in Venezuelan oil after tanker interception, White House says

by December 11, 2025
written by December 11, 2025

White House press secretary Karoline Leavitt said the U.S. plans to take control of the oil currently on a tanker off the coast of Venezuela that was seized by U.S. forces Wednesday. 

Trump ‘talks a lot about how he thinks the way to bring down prices for everything would be to bring down the cost of energy,’ Fox News Senior White House Correspondent Peter Doocy said Thursday. ‘Would he use this seized Venezuelan oil to try to help Americans with affordability here in the United States?’

Leavitt responded, ‘The vessel will go to a U.S. port, and the United States does intend to seize the oil. However, there is a legal process for the seizure of that oil and that legal process will be followed.’ 

President Donald Trump announced Wednesday that the U.S. had seized an oil tanker off the coast of Venezuela, sharply escalating U.S. tensions with the nation. The tanker was seized for allegedly being used to transport sanctioned oil from Venezuela and Iran, according to Attorney General Pam Bondi. 

‘The vessel is currently undergoing a forfeiture process. Right now, the United States currently has a full investigative team on the ground, on the vessel, and individuals on board the vessel are being interviewed, and any relevant evidence is being seized,’ Leavitt continued, adding that the oil on the tanker will go through a legal process before the U.S. claims the energy source. 

The tanker, called the Skipper, loaded an estimated 1.8 million barrels of oil earlier in December, before transferring an estimated 200,000 barrels just before its seizure, Reuters reported.

The oil on the tanker is likely worth $60 million to more than $100 million, based on current average oil prices. Fox News Digital reached out to the White House for any additional comment on the estimated price tag of the oil but did not immediately receive a reply. 

The U.S. military has carried out strikes on suspected drug trafficking boats near Venezuela since September as part of Trump’s mission to end the flow of drugs into the nation. There have been at least 22 strikes on suspected narcotraffickers near Venezuela, killing 87, since September. 

Doocy pressed Leavitt during the press conference on whether the U.S.’ strikes and heightened tensions with Venezuela, dubbed Operation Southern Spear, are ‘about drugs or is it about oil?’

‘The Trump administration is focused on doing many things in the Western Hemisphere,’ Leavitt responded. ‘The president has taken a new approach that has not been taken by any administration for quite some time to actually focus on what’s going on in our own backyard. And there are two things that are very important to this administration.’

The boat strikes are viewed as part of a U.S. pressure campaign on Venezuela likely aimed to not only curb the flow of drugs, but also to oust dictatorial President Nicolás Maduro as leader of the oil-rich nation. 

‘Number one, stopping the flow of illegal drugs into the United States of America, which we know has killed hundreds of thousands of Americans,’ she continued, before adding that Trump is ‘fully committed to effectuating this administration’s sanction policy. And that’s what you saw, and the world saw take place yesterday.’

‘With respect to the oil and what happened yesterday, the Department of Justice requested and was approved for a warrant to seize a vessel because it’s a sanctioned shadow vessel known for carrying black market sanctioned oil to the IRGC (Islamic Revolutionary Guard Corps), which, you know, is a sanctioned entity,’ she continued. Venezuela is already subject to extensive U.S. sanctions, but was historically a major crude-oil supplier for the U.S.

Leavitt added that the administration will remain committed to the ‘president’s sanction policies and the sanction policies of the United States.’

‘We’re not going to stand by and watch sanctioned vessels sail the seas with black market oil. The proceeds of which will fuel narco-terrorism of rogue and illegitimate regimes around the world,’ she said. 

Fox News Digital’s Morgan Phillips contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
23 Dems join House Republicans to kill progressive’s Trump impeachment bid
next post
Clarence Thomas presses Dem operative Marc Elias in high-stakes Supreme Court clash

related articles

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

US diplomatic facility in Iraq struck by drone

March 13, 2026

171 million travelers face airport delays as Democrats’...

March 13, 2026

From Biden’s ‘war’ on gas prices to ‘small...

March 13, 2026

FDA launches new AI-powered system to track drug...

March 13, 2026

Cornyn reverses on filibuster stance to push Trump’s...

March 13, 2026

DAVID MARCUS: Sen Thune has no idea how...

March 13, 2026

Trump touts 5-0 sweep by endorsed candidates in...

March 13, 2026

US destroys 16 Iranian mine boats as Strait...

March 13, 2026

House GOP urges Trump to choke off Iran...

March 13, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Harris’ mixed record on Israel enters spotlight during Netanyahu visit

    July 24, 2024
  • S&P 500 and Nasdaq: S&P 500 rushes to new all-time high

    September 25, 2024
  • Netflix says it plans to buy Warner Bros studio and streaming business

    December 6, 2025
  • FBI nabs Florida man with alleged plan to livestream neo-Nazi terror attack; graphic Signal messages recovered

    November 26, 2025
  • Biden returning to White House for first time since ending presidential bid, COVID diagnosis

    July 23, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,413)
  • Stock (981)

Latest Posts

  • Cities that canceled Columbus Day could lose federal funds under new GOP bill

    October 13, 2025
  • FAA investigates airlines for potential flight cut compliance violations during government shutdown

    December 6, 2025
  • ExxonMobil exits Malaysia, sells key oil and gas assets to Petronas

    July 19, 2024

Recent Posts

  • Tulsi Gabbard explains why she won’t call Edward Snowden a ‘traitor’ ahead of tough committee vote

    February 4, 2025
  • ‘Nothing to stand on’: Ex-White House physician slams Biden doctor for silence during House GOP grilling

    July 11, 2025
  • Rand Paul says personal experience with YouTube and Google changed his mind about platform liability

    January 21, 2026

Editor’s Pick

  • GOP senator demands FBI reveal if surveillance went beyond Jack Smith’s phone tracking

    October 9, 2025
  • Ambassador Huckabee describes ‘best option’ for Americans looking to flee Israel

    March 3, 2026
  • ‘Time for a change’: Outside 30 Rock, New Yorkers trade chants and arguments during tense mayoral showdown

    October 17, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock