President of the Bolivarian Republic of Venezuela, Nicolás Maduro Moros. Photo courtesy of the Jamaican Information Service. President Trump has ordered a total blockade of oil tankers entering or leaving Venezuela and formally designated the Nicolás Maduro regime as a Foreign Terrorist Organization, accusing it of using oil revenues and seized U.S. assets to finance terrorism, drug trafficking, human trafficking, and other criminal activity. Trump warned that pressure will continue until oil, land, and other assets allegedly taken from the United States are returned. The administration’s justification rests heavily on the claim that Venezuela stole U.S. oil assets, framing the blockade and tanker seizures as asset recovery rather than coercion. That claim traces back to Venezuela’s nationalization of foreign oil holdings, which occurred in two…
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