Last updated: 2025-12-12 06:14:00 ET
The South American nation's output has plummeted and restoring its former glory would be a heavy lift.
The recent seizure of an oil tanker known as Skipper by the U.S. off the coast of Venezuela marks a dramatic escalation of President Donald Trump’s campaign to choke off Venezuelan leader Nicolás Maduro’s access to oil revenues
It comes after a 7.5 magnitude earthquake struck the same region earlier this week.
Venezuela's Maduro vows to "smash teeth" of the U.S. after America seized an oil tanker off the Venezuelan coast, escalating a diplomatic crisis ...
The White House plans to move the tanker to a US port and seize the oil on board, a move Caracas has labelled as an act of "international piracy".
'Not going to stand by and watch'
The U.S. seizure of an oil tanker near Venezuela marks a new escalation in the White House’s regime-change ambitions.
The U.S. seizure of an oil tanker near Venezuela marks a new escalation in the White House’s regime-change ambitions.
The effort appears to be a new phase in the Trump administration’s push to oust President Nicolás Maduro.
The U.S. on Thursday announced new sanctions impacting Venezuela. CBS News White House reporter Willie James Inman has the details.
