Uncovering the Hidden Global Economy Driving Trump’s Latest Venezuela Strategy

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Uncovering the Hidden Global Economy Driving Trump’s Latest Venezuela Strategy

This week, the U.S. seized an oil tanker off Venezuela, marking a significant escalation in efforts against President Nicolás Maduro. The Trump administration announced it would target more vessels as part of its campaign to fight drug trafficking linked to Maduro’s regime.

This seizure is part of a larger trend among Western countries to disrupt the “shadow fleet.” This group includes ships that help countries like Venezuela, Russia, and Iran evade international sanctions. Reports indicate that many of these vessels operate with little transparency, often changing names, flags, and ownership to stay under the radar. They lack proper insurance and tend to be older, making them riskier.

Take the vessel seized, named Skipper at the time. This ship was previously known as Adisa and flagged under Panama. It had made multiple trips to Iran and changed its location data to mask its true position, appearing instead off the coast of Guyana.

According to analysts, the Skipper was loaded with oil from Venezuela and was transferring some of it to another tanker bound for Cuba, which has long relied on Venezuelan oil. Cuba’s energy troubles are well-documented, as it struggles with frequent blackouts and aging infrastructure.

Since Russia’s invasion of Ukraine, the shadow fleet’s role has become more critical. As Elisabeth Braw, a senior fellow at the Atlantic Council, points out, Russia’s participation in this clandestine market has expanded its influence, with shadow vessels reportedly making up about 20% of the global oil fleet. This indicates a rapidly evolving parallel energy market.

Concerns around the shadow fleet go beyond economics. There is a significant environmental risk, especially if these decrepit ships are involved in oil spills without accountable owners to manage the aftermath. A lack of monitoring raises flags for potential disasters at sea.

While the Trump administration’s actions may seem aggressive, the tactic of seizing ships is not new. The Biden administration originally sanctioned the Skipper. Interestingly, the seizure was executed by the Coast Guard instead of military forces, highlighting a legal approach that is often seen as more acceptable.

The shadow fleet isn’t just confined to the Caribbean. Ukrainian forces have recently attacked several tankers carrying Russian oil in the Black Sea. This shift in Ukraine’s strategy comes amidst a backdrop of changing territorial dynamics and increased pressures on the Ukrainian government.

Both the U.S. seizure and Ukraine’s strikes reflect a growing urgency as countries adapt to sanctions. They signal the complex economy that has emerged from these restrictions and suggest that more aggressive measures could be on the horizon.

For more detailed information about the shadow fleet, you can explore the comprehensive analysis provided by the Atlantic Council here.



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Cuba,Defense & Security,Donald Trump,Politics,Russia,Russia-Ukraine war,World Politics