Venezuela’s National Assembly has taken a significant step to protect its oil industry amid escalating tensions with the United States. The assembly approved a new law that criminalizes activities impeding navigation and commerce, especially the seizure of oil tankers.
Details of the New Law Against Oil Tanker Seizures
The legislation was introduced, debated, and approved in a swift two-day process. This move follows recent incidents where U.S. forces seized two Venezuelan oil tankers in international waters. These actions are part of a broader pressure campaign led by former President Donald Trump against Venezuelan leader Nicolás Maduro.
The bill empowers the government to impose severe penalties. Individuals who engage in or support acts of piracy or blockades against vessels operating with Venezuelan entities could face:
- Fines
- Prison sentences of up to 20 years
Background on U.S. Actions
The tankers seized were reportedly part of Venezuela’s strategy to circumvent U.S. economic sanctions. Trump’s administration has labeled this fleet as instrumental in this evasion. The recent seizures include a Panama-flagged vessel, Centuries, and another called Skipper, which was also registered in Panama.
Political Reactions and Support
The legislation aligns with the stance of Venezuela’s ruling party, which controls the unicameral assembly. Opposition leaders, including Nobel Peace Prize winner María Corina Machado, have voiced their endorsement for U.S. intervention, supporting the seizure of tankers by American forces.
The approved bill now awaits the signature of President Maduro. If enacted, it will also require the government to develop “incentives and mechanisms” to protect commercial operations against piracy and other unlawful actions.
Future Implications
Trump has made it clear that he considers Maduro’s regime to be on borrowed time. He has indicated that the U.S. will continue to take strong measures, including a potential blockade of Venezuelan commerce. As tensions rise, the implications of this law could extend well beyond Venezuela’s borders.
