US seizes Russian-flagged oil tanker linked to Venezuela

The US says it had seized a tanker for violations of US sanctions. (US European Command)
Short Url
Updated 08 January 2026
Follow

US seizes Russian-flagged oil tanker linked to Venezuela

  • US Coast Guard and military have been trying to take the tanker that refused to be boarded last month
  • A second sanctioned tanker was also seized in the Caribbean Sea

WASHINGTON: The US seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing ​under Russia’s flag, as part of President Donald Trump’s aggressive push to dictate oil flows in the Americas and force Venezuela’s socialist government to become an ally.

After capturing Venezuelan President Nicolas Maduro in a Saturday military raid on Caracas, the US is escalating its blockade of vessels that are under sanctions and going to and from the South American country, a member of the OPEC oil group.

The White House also said it plans to roll back some of the sanctions Trump placed on Venezuelan oil in 2019 during his first term.

A weeks-long chase across the Atlantic ended on Wednesday morning when the US Coast Guard and US military special forces, bearing a judicial seizure warrant, apprehended the Marinera crude oil tanker, which had refused to be boarded last month before switching to Russia’s flag, officials said.

The US operation was supported by Britain’s Royal Air Force and one of its military vessels, which British Defense Secretary John Healey said was part of “global efforts to crack down ‌on sanctions busting.”

With a ‌Russian submarine and vessels nearby, the seizure risked more confrontation with Russia, which has condemned US actions over ‌Venezuela ⁠and is ​already at ‌odds with the West due to the war in Ukraine. The Kremlin did not respond to a request for comment on what is a public holiday in Russia.

Earlier on Wednesday, the US Coast Guard also intercepted a tanker carrying Venezuelan oil, the Panama-flagged M Sophia, near the northeast coast of South America, the US officials said, in the fourth seizure in recent weeks.

The tanker was fully loaded, according to records of Venezuela’s state oil company PDVSA.

Shadow fleet

The Marinera, formerly known as the Bella-1, was empty of oil, but the US says it and the M Sophia belong to a “shadow fleet” of tankers used to transport sanctioned oil from Venezuela and Iran.
“The only maritime energy transport allowed will be that consistent with American law and national security,” Stephen Miller, deputy White House chief of staff, said in a statement. “There is unlimited economic potential for the Venezuelan ⁠energy sector through legitimate and authorized commercial avenues established by the United States.”
Attorney General Pam Bondi said in a statement that the Marinera crew had made “frantic efforts to avoid apprehension” and “failed to obey” Coast Guard orders, and ‌so faces criminal charges.

China condemns bullying

Trump’s administration was also pressing a deal with Venezuela to divert supplies intended for ‍China, Venezuela’s top buyer, and gain access to $2 billion worth of crude ‍oil.

“The United States’ brazen use of force against Venezuela and its demand for ‘America First’ when Venezuela disposes of its own oil resources are typical acts of ‍bullying,” Chinese Foreign Ministry spokesperson Mao Ning told reporters.

Trump has openly spoken of controlling Venezuela’s vast oil reserves, in conjunction with US oil companies, after arresting and jailing Maduro, whom he has cast as a drug-trafficking dictator in league with Washington’s foes.

Maduro, 63, pleaded not guilty this week to drug crimes when he appeared in shackles in a federal court in New York.

Maduro’s Socialist Party allies remain in power in Venezuela, where Acting President Delcy Rodriguez is treading a fine line between denouncing Maduro’s “kidnapping” and kick-starting cooperation with the US under explicit ​threats of further military violence from Trump.

Rodriguez herself is under US sanctions, with her foreign financial assets identified as potential leverage, one person briefed on US administration thinking said.
Top Trump administration officials, including Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth, held classified ⁠briefings on Venezuela on Wednesday for the US Senate and House of Representatives. Democrats said they wanted more information.
“They are proposing to steal Venezuela’s oil, at gunpoint, and use that leverage, forever, to run the country,” Democratic Senator Chris Murphy of Connecticut told reporters.

Trump, a Republican, said on Tuesday that the US would refine and sell up to 50 million barrels of crude oil stuck in Venezuela under US sanctions, a first step in his plan to revive a sector long in decline despite sitting on the world’s largest reserves.
To enable the deal Trump described, the US is “selectively rolling back sanctions” on Venezuelan oil, White House Press Secretary Karoline Leavitt told reporters on Wednesday.
“We are going to take between 30 and 50 million barrels of oil,” Rubio said. “We’re going to sell it in the marketplace, at market rates, not at the discounts Venezuela was getting.”
PDVSA confirmed it was in negotiations with the US on Wednesday and said terms on the table are based on “strictly commercial transactions under terms that are legal, transparent and beneficial for both parties.”

Oil prices

Crude oil prices fell on world markets due to anticipated increased supplies released by Trump’s plan.
China, Russia and leftist allies of Venezuela have all denounced the US attack to capture Maduro, in which dozens of Venezuelans were killed. It was Washington’s biggest such intervention in Latin America since the 1989 invasion of ‌Panama to topple Manuel Noriega.

Washington’s allies are also deeply uneasy at the extraordinary precedent of seizing a foreign head of state, with Trump threatening more action, from Mexico to Greenland, to further US interests.


SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

Updated 03 February 2026
Follow

SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

  • The deal is the biggest M&A transaction of all time
  • Deal values xAI at $250 billion, SpaceX at $1 trillion

Elon Musk said on Monday ​that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The deal, first reported by Reuters last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defense contractor with a fast-growing AI developer whose costs are largely driven by chips, data centers and energy. It could also bolster SpaceX’s data-center ambitions as Musk competes with rivals like Alphabet’s Google, Meta, Amazon-backed Anthropic ‌and OpenAI in the ‌AI sector.
The transaction values SpaceX at $1 trillion, and ‌xAI ⁠at $250 ​billion, according ‌to a person familiar with the matter.
“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Musk said. The purchase of xAI sets a new record for the world’s largest M&A deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at $203 billion ⁠in 2000, according to data compiled by LSEG. The combined company of SpaceX and xAI is expected to price shares ‌at about $527 each, another person familiar with the matter said. ‍SpaceX was already the world’s most ‍valuable privately held company, last valued at $800 billion in a recent insider share sale. ‍XAI was last valued at $230 billion in November, according to the Wall Street Journal. The merger comes as the space company plans a blockbuster public offering this year that could value it at over $1.5 trillion, two people familiar with the matter said.
SpaceX, xAI and Musk did not immediately respond ​to requests for comment.
The deal further consolidates Musk’s far-flung business empire and fortunes into a tighter, mutually reinforcing ecosystem – what some investors and analysts informally ⁠call the “Muskonomy” – which already includes Tesla, brain-chip maker Neuralink and tunnel firm the Boring Company. The world’s richest man has a history of merging his ventures together. Musk folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform’s data and distribution. In 2016, he used Tesla’s stock to buy his solar-energy company SolarCity.
The agreement could draw scrutiny from regulators and investors over governance, valuation and conflicts of interest given Musk’s overlapping leadership roles across multiple firms, as well as the potential movement of engineers, proprietary technology and contracts between entities.
SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority ‌to review M&A transactions for national security and other risks.