(WASHINGTON) — The U.S. has seized a tanker off the coast of Venezuela, President Donald Trump announced on Wednesday, amid escalating tensions between the administration and the South American nation.
“It’s been a very interesting day, from the standpoint of news. As you probably know, we’ve just seized a tanker on the coast of Venezuela,” Trump said as he kicked off a roundtable event at the White House.
“Large tanker, very large, largest one ever seized, actually. And other things are happening, so you’ll be seeing that later and you’ll be talking about that later with some other people,” Trump continued.
The oil tanker that was seized is referred to as a VLCC, or Very Large Crude Carrier, two sources told ABC News. VLCC’s are large oil tankers and can carry up to around 2 million barrels of oil.
The vessel was bound for Cuba, the sources said. The U.S. Coast Guard conducted the seizure, according to two sources.
Trump stayed mum when pressed for more details on the tanker during the roundtable event, but claimed it happened for “very good reason” and that photos would be released later.
When asked what happens to the oil on the ship, Trump said that the U.S. will likely keep it. Pressed further on who owns the tanker, Trump declined to respond.
Venezuela has the largest known oil reserves in the world, and oil exports are the government’s main source of revenue.
The U.S. hadn’t overtly interfered in oil exports during its pressure campaign on Venezuela and President Nicolas Maduro’s regime until now.
This is a developing story. Please check back for updates.
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