“Venezuela is completely surrounded.” On Tuesday evening, US President Donald Trump announced that the US military would impose a “total and complete” blockade of all sanctioned oil tankers going into or out of Venezuela. The move is targeted at Venezuelan strongman Nicolás Maduro and his regime, but it could also have wider effects. Below, Atlantic Council experts answer four pressing questions. Since the initial US seizure of the Skipper last week, Venezuelan crude exports have fallen sharply, effectively targeting Maduro’s main source of income. Venezuela relies entirely on tankers to export its oil, and disrupting the illegal trade that runs on these sanctioned tankers weakens Maduro’s grip on power. As of last week, more than thirty of the eighty ships in Venezuelan waters were under US sanctions. Frankly, with the […]