US Sanctions Target Maduro Family Amid Declining Venezuelan Oil Exports

The recent US sanctions against members of the Maduro family have intensified the pressure on Venezuela’s already ailing economy. The Trump administration accuses these individuals of leading drug trafficking operations and contributing to the country’s rampant inflation and economic collapse.

Following the seizure of the oil tanker Skipper, Venezuela's oil exports have sharply declined, with only Chevron continuing to operate under US authorization. In a broader strategy, the US is preparing to intercept more vessels carrying Venezuelan oil, aiming to disrupt the revenue streams for Maduro's government.

This seizure also highlights the complex relationship between Venezuela and Cuba, where oil shipments are exchanged for medical and security services. Despite these efforts, experts suggest that the extensive network of vessels engaged in sanction evasion may remain largely intact.

The situation underscores the ongoing struggle against drug trafficking and the significant implications for both regional security and international oil markets.