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Venezuela Imposes 20-Year Penalty for Oil Piracy

12/24/2025

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Story summary
  • On December 23, 2025, Venezuela's National Assembly approved a law imposing up to 20 years for promoting piracy and blockades.
  • The measure follows intensified U.S. actions against Venezuelan oil shipments, including Coast Guard tanker seizures.
  • U.S. President Donald Trump announced a blockade on sanctioned oil tankers.
  • PDVSA faces rising inventories due to interceptions.
  • Maduro says oil deliveries to Chevron will continue.