Trump orders blockade of Venezuelan oil tankers: Oil prices jump; supply risks rise
Oil prices rose sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, stoking fresh geopolitical tensions at a time when markets are already wary about weak global demand.
Brent crude futures climbed 57 cents, or 0.9%, to $59.50 a barrel by 0135 GMT, while US West Texas Intermediate (WTI) crude gained 59 cents, or 1%, to $55.86 a barrel.
