Francisco J. Monaldi

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  • Wallace S. Wilson Fellow in Latin American Energy Policy, Rice University
A video posted on Attorney General Pam Bondi’s X account shows the moment an oil tanker was seized by U.S. forces off the coast of Venezuela. U.S. Attorney General's Office/X via AP

Black‑market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much‑needed revenue

Francisco J. Monaldi, Rice University

Venezuela relies on the black-market oil trade for a large chunk of its revenue. US enforcement actions may push down the price it can charge, further squeezing the country’s economy.

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