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Oil Tanker Sale Delayed Amid Legal Challenge

3/30/2026

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Story summary
  • The sale of an oil tanker seized in December by U.S. President Donald Trump's administration faces delays after Windward Shipmanagement Corp seeks to block it.
  • The owner's motion in U.S. District Court complicates the private sale planned by the U.S. government.
  • The tanker holds 1.8 million barrels of Venezuelan crude oil, valued at $120–$135 million, with value rising as oil prices rise amid conflicts in Middle East.