Oil tanker movements in and out of Venezuelan waters come to near standstill after US seizes vessel and fuel cargo.

Venezuela has been sidestepping a US oil export embargo for years, selling crude at a discounted price mainly to China.

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The think tank also said the presence of multinational corporations ‘remains a tremendous positive for the Irish economy’.

Seizures of more tankers could put a stranglehold on Venezuela’s economy, which is exceptionally dependent on oil to keep the ...

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The US seized an oil tanker, a move that sent oil prices higher and escalated tensions between Washington and Caracas.