Oil rigs are pictured in Lake Maracaibo, Zulia State, Venezuela, in July of 2024.
Federico Parra/AFP via Getty Images
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Federico Parra/AFP via Getty Images
Tensions between Venezuela and the U.S. have been growing over the past few months. And last Wednesday, the pressure point was oil.
The U.S. government seized a tanker it says was filled with illegal oil headed to the black market, in violation of sanctions.
The seizure was an unprecedented move. And it represents an escalation in the standoff between the two countries. In recent months, the U.S. has struck nearly two dozen suspected drug boats in nearby waters, issued new sanctions targeting Venezuela, and increased its naval presence in the Caribbean.
The U.S. has long had economic and political interests in Venezuela. And the oil industry there has been a key part of that relationship. Francisco Monaldi, director of the Latin American Energy Program at the Baker Institute at Rice University, explains how the two nations got to this point.
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This episode was produced by Ava Berger and Alejandra Marquez Janse, with audio engineering by Tiffany Vera Castro. It was edited by Sarah Handel. Our executive producer is Sami Yenigun.
