Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
Oil prices have surged dramatically in early 2026, driven by the escalating Iran conflict and fears of Strait of Hormuz disruption. Crude oil surged over the weekend before settling near $84 per ...
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US forces seize seventh sanctioned tanker linked to Venezuela in Trump's effort to control its oil
WASHINGTON (AP) — U.S. military forces boarded and took control of a seventh oil tanker connected with Venezuela on Tuesday as part of the Trump administration's broader efforts to take control of the ...
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