U.S. Plans to Return Seized Oil Tanker to Venezuela

0 min read     Updated on 29 Jan 2026, 09:36 AM
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Reviewed by
Shriram SScanX News Team
Overview

The U.S. is preparing to return a seized oil tanker to Venezuela according to sources. This decision represents a significant shift in handling confiscated maritime assets and could signal changes in U.S.-Venezuela relations regarding maritime enforcement actions.

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*this image is generated using AI for illustrative purposes only.

The United States is set to return a previously seized oil tanker to Venezuela, according to sources familiar with the matter. This development marks a notable shift in the handling of maritime assets that were confiscated by U.S. authorities.

Vessel Return Decision

The decision to hand over the oil tanker represents a significant development in U.S.-Venezuela relations regarding maritime enforcement actions. Sources indicate that the transfer process is being prepared, though specific details about the timeline and conditions of the handover have not been disclosed.

Implications for Maritime Operations

The return of the seized vessel could signal changes in how similar cases involving Venezuelan oil tankers are handled by U.S. authorities. This action may have broader implications for the maritime oil transport sector and international shipping operations involving Venezuelan crude oil.

The handover decision comes as part of ongoing developments in the complex relationship between the two countries, particularly regarding energy sector assets and maritime enforcement policies.

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U.S. Crude Oil Futures Gain 1.31% to Close at $63.21 per Barrel

0 min read     Updated on 29 Jan 2026, 09:33 AM
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Reviewed by
Radhika SScanX News Team
Overview

U.S. crude oil futures settled at $63.21 per barrel, gaining $0.82 or 1.31% in the trading session. The positive movement reflects continued momentum in energy markets, with the commodity demonstrating resilience in current trading conditions.

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*this image is generated using AI for illustrative purposes only.

U.S. crude oil futures closed higher in the latest trading session, demonstrating positive momentum in energy markets. The commodity settled at $63.21 per barrel, marking a notable gain for the day.

Trading Performance

The futures contract recorded a solid performance with specific metrics highlighting the day's movement:

Metric: Value
Settlement Price: $63.21/BBL
Daily Gain: $0.82
Percentage Change: +1.31%

Market Movement

The $0.82 increase represents a 1.31% gain from the previous trading session, indicating positive sentiment in the crude oil market. This upward movement reflects the ongoing dynamics within energy commodity trading.

The settlement at $63.21 per barrel positions crude oil futures within current market ranges, with the percentage gain demonstrating measurable momentum in the energy sector. The trading session concluded with this positive performance, contributing to the overall activity in commodity markets.

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