Trump orders blockade of 'sanctioned oil tankers' into Venezuela, ramping up pressure on Maduro
Washington (AP): President Donald Trump said Tuesday he is ordering a blockade of all “sanctioned oil tankers” into Venezuela, ramping up pressure on the country's authoritarian leader Nicolas Maduro in a move that seemed designed to put a tighter chokehold on the South American country's economy.
Trump's escalation comes after US forces last week seized an oil tanker off Venezuela's coast, an unusual move that followed a buildup of military forces in the region. In a post on social media Tuesday night announcing the blockade, Trump alleged Venezuela was using oil to fund drug trafficking and other crimes and vowed to continue the military buildup until the country gave the US oil, land and assets, though it was not clear why he felt the US had a claim.
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“Venezuela is completely surrounded by the largest Armada ever assembled in the History of South America,” Trump said in a post on his social media platform. “It will only get bigger, and the shock to them will be like nothing they have ever seen before — Until such time as they return to the United States of America all of the Oil, Land, and other Assets that they previously stole from us.”
Pentagon officials referred all questions about the post to the White House.
Venezuela's government released a statement Tuesday accusing Trump of “violating international law, free trade, and the principle of free navigation” with “a reckless and grave threat” against the South American country.
“On his social media, he assumes that Venezuela's oil, land, and mineral wealth are his property,” the statement said of Trump's post. “Consequently, he demands that Venezuela immediately hand over all its riches. The President of the United States intends to impose, in an utterly irrational manner, a supposed naval blockade on Venezuela with the aim of stealing the wealth that belongs to our nation.”
Maduro's government, according to the statement, plans to denounce the situation before the United Nations.
The US buildup has been accompanied by a series of military strikes on boats in international waters in the Caribbean and eastern Pacific. The campaign, which has drawn bipartisan scrutiny among US lawmakers, has killed at least 95 people in 25 known strikes on vessels.
Trump has for weeks said that the US will move its campaign beyond the water and start strikes on land.
The Trump administration has defended the strikes as a success, saying they have prevented drugs from reaching American shores, and pushed back on concerns that they are stretching the bounds of lawful warfare.
The Trump administration has said the campaign is about stopping drugs headed to the US, but Trump's chief of staff Susie Wiles appeared to confirm in a Vanity Fair interview published Tuesday that the campaign is part of a push to oust Maduro.
Wiles said Trump “wants to keep on blowing boats up until Maduro cries uncle.”
Tuesday night's announcement seemed to have a similar aim.
Venezuela, which has the world's largest proven oil reserves and produces about 1 million barrels a day, has long relied on oil revenue as a lifeblood of its economy.
Since the Trump administration began imposing oil sanctions on Venezuela in 2017, Maduro's government has relied on a shadowy fleet of unflagged tankers to smuggle crude into global supply chains.
The state-owned oil company Petroleos de Venezuela SA, commonly known as PDVSA, has been locked out of global oil markets by US sanctions. It sells most of its exports at a steep discount in the black market in China.
Francisco Monaldi, a Venezuelan oil expert at Rice University in Houston, said about 850,000 barrels of the 1 million daily production is exported. Of that, he said, 80 per cent goes to China, 15 per cent to 17 per cent goes to the US through Chevron Corp, and the remainder goes to Cuba.
In October, Trump appeared to confirm reports that Maduro has offered a stake in Venezuela's oil and other mineral wealth in recent months to try to stave off mounting pressure from the United States.
“He's offered everything,” Trump said at the time. “You know why? Because he doesn't want to f—- around with the United States.”
It wasn't immediately clear how the US planned to enact what Trump called a “TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela.”
But the US Navy has 11 ships, including an aircraft carrier and several amphibious assault ships, in the region.
Those ships carry a wide complement of aircraft, including helicopters and V-22 Ospreys. Additionally, the Navy has been operating a handful of P-8 Poseidon maritime patrol aircraft in the region.
All told, those assets provide the military a significant ability to monitor marine traffic coming in and out of the country.
Trump in his post said that the “Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION,” but it wasn't clear what he was referring to.
The foreign terrorist organisation designation has been historically reserved for non-state actors that do not have sovereign immunities conferred by either treaties or United Nations membership.
In November, the Trump administration announced it was designating the Cartel de los Soles as a foreign terrorist organisation. The term Cartel de los Soles originally referred to Venezuelan military officers involved in drug-running, but it is not a cartel per se.
Governments that US administrations seek to sanction for financing, otherwise fomenting or tolerating extremist violence are usually designated “state sponsors of terrorism.”
Venezuela is not on that list.
In rare cases, the US has designated an element of a foreign government as an “FTO.” The Trump administration in its first term did so with the Iranian Revolutionary Guard Corps, an arm of the Iranian government, which had already been designated a state sponsor of terrorism.
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Commercial LPG hike: Delhi restaurant owners warn of higher menu rates, job losses
New Delhi (PTI) A day after a 50 per cent rise in commercial LPG cylinder prices, Delhi's food business, with restaurant owners and street vendors have warned of higher menu rates, financial strain and potential job losses if the trend persists.
The price of commercial LPG was hiked by a steep Rs 993 per 19 kg cylinder, marking the third consecutive monthly hike amid rising global energy prices linked to the West Asia conflict.
For many in the restaurant industry, the spike has been both sudden and steep.
Manpreet Singh, honorary treasurer of the National Restaurant Association of India, said that eateries are already grappling with supply challenges alongside rising costs.
"There is a huge difficulty in getting these cylinders, and black marketing is also increasing in many unregulated sectors," he said, noting that prices that were once around Rs 1,600, often dropping to nearly Rs 1,300 with discounts, have now surged to between Rs 3,000 and Rs 4,000 per cylinder.
He further added that a medium-sized restaurant typically uses between two and five cylinders daily, making the increase particularly burdensome as costs mount.
Singh further said that as costs mount, smaller establishments could struggle to stay afloat. Instead, the association has advised restaurants to shift towards piped natural gas connections through Indraprastha Gas Limited as a more sustainable alternative.
"If this problem continues, PNG is the only long-term solution," he said, adding that temporary measures like coal offer limited relief due to slower cooking times and that it can largely be used only for tandoors.
Echoing similar concerns, Kabir Suri, owner of Mamagoto in Khan Market, said the impact is already visible across the industry. "There has been almost a threefold increase in cylinder prices for restaurants," he said, adding that rising fuel and logistics costs are compounding the pressure.
"If this continues, it will become a significant financial burden, and food prices will inevitably go up. Adding to this burden, higher fuel costs are also affecting logistics and transportation, making a price rise unavoidable. The extent of the impact will vary between small eateries and large chains depending on their scale," he said.
Global oil prices have surged nearly 50 per cent following disruptions in energy supply chains due to the West Asia conflict, pushing up commercial fuel costs and transport expenses.
A West Delhi-based restaurateur said they are trying to manage rising costs while keeping their staff secure. "We are trying to ensure that our staff, from kitchen workers to waiters, are paid on time and do not face immediate hardship," the owner said.
"We are a small restaurant with seating for about 20 to 25 people at a time. But if this continues for long, we will have to take difficult calls. There is only so much we can absorb, and menu prices will have to go up. We hope this does not continue for a longer period," he said.
Another restaurant owner in North Delhi, who did not wish to be named, said operational adjustments alone may not be enough. "We are checking our costs very carefully and trying to cut wherever possible, but if fuel prices remain high, it will eventually affect how we run the business," the owner said.
"Coal helps in tandoor cooking, but it takes more time," the owner further added.
The strain is even more acute among street vendors, many of whom operate on thin margins. A vendor in Saket said he had recently expanded his business, moving from a mobile cart to a rented outlet.
"I have a family to feed and more responsibilities now. Earlier, I managed with a moving cart, but after renting the place, expenses increased," he said. "Whenever cylinders were unavailable, I had to buy them at higher rates in the black market. Now even regular supply is too expensive, and if this continues, we may have to shut down," he added.
In Laxmi Nagar, another vendor said they are struggling to keep the business running. "Sometimes we even used domestic cylinders from home when supply ran out because we had to keep the stall running," he said, adding that rising costs leave little choice but to increase prices or bear losses.
On April 1, the rates of commercial LPG cylinders were hiked by Rs 195.50 per cylinder, followed by a Rs 114.5 hike on March 1, taking the total increase over the past three months to Rs 1,303. With the latest revision, a 19 kg commercial LPG cylinder now costs Rs 3,371.5 in Delhi, up from Rs 2,078.5 earlier.
The prices of domestic LPG cylinders used for household cooking have remained unchanged. They were last increased by Rs 60 per 14.2 kg cylinder on March 7 and currently cost Rs 913 in Delhi.
