Trump asserts control over Venezuelan oil, announces plans to oversee global sales

President Trump’s administration is seeking to assert it’s control over Venezuelan oil, seizing two sanctioned tankers transporting petroleum and announcing plans to relax some sanctions so the U.S. can oversee the sale of Venezuela’s resource worldwide.

The seizures of the tankers in the North Atlantic and the Caribbean Sea Wednesday reflect the Republican administration’s determination to enforce an existing oil embargo on Venezuela as Trump has pledged the U.S. will “run” the country.