The president said in a Truth Social post Venezuela should return those assets to the U.S. and declared an oil tanker blockade.

Chevron cut the price of Venezuelan crude after U.S. forces seized a tanker carrying sanctioned oil, adding pressure to an already weak Gulf Coast market.

Chevron is flying employees from Caracas to its oil production sites in Venezuela despite a US warning that air travel in the region may be unsafe due to military satellite interference.

President Trump ordered a total blockade of sanctioned Venezuelan oil tankers, designated the Maduro regime a foreign terrorist organization, and framed the move as reclaiming U.S. assets he says were stolen.

Venezuela's state-run oil company PDVSA resumed loading crude and fuel cargoes on Wednesday after suspending operations at terminals on Sunday due to a cyberattack, although most exports remain on hold as the U.

Chevron Corp. is flying employees from Caracas to its oil production sites in Venezuela despite a US warning to operators that air travel in the region may be unsafe due to military satellite interference.

While U.S. military pressure on Venezuela has forced vessels to idle at ports or steer away from the region, it continues to be business as usual for one U.S. company. Chevron (CVX), which has been present in Venezuela for more than a century,

US warships, tanker seizures and a declared blockade are squeezing Venezuela’s oil lifeline. As exports slow to a crawl, Chevron remains the lone US operator and even that window may be closing.