{"id":5252,"date":"2025-12-16T13:41:03","date_gmt":"2025-12-16T13:41:03","guid":{"rendered":"https:\/\/thetradingdictionary.com\/index.php\/2025\/12\/16\/ghost-ships-ferrying-illicit-oil-have-sailed-into-trumps-crosshairs\/"},"modified":"2025-12-16T13:41:03","modified_gmt":"2025-12-16T13:41:03","slug":"ghost-ships-ferrying-illicit-oil-have-sailed-into-trumps-crosshairs","status":"publish","type":"post","link":"https:\/\/thetradingdictionary.com\/index.php\/2025\/12\/16\/ghost-ships-ferrying-illicit-oil-have-sailed-into-trumps-crosshairs\/","title":{"rendered":"\u2018Ghost ships\u2019 ferrying illicit oil have sailed into Trump\u2019s crosshairs"},"content":{"rendered":"<p class=\"speakable\">After the U.S. seized a tanker carrying Venezuelan crude oil, the shadowy fleet of &#8216;ghost ships&#8217; used to evade sanctions drifted squarely into President <u>Donald Trump&#8217;s<\/u> crosshairs.<\/p>\n<p class=\"speakable\">On Dec. 10, Trump announced the seizure of the &#8216;Skipper,&#8217; a vessel that secretly ferries oil in defiance of sanctions.&nbsp;<\/p>\n<p>The broader fleet, a clandestine armada of roughly 1,000 tankers, quietly navigates global sea routes to move oil from sanctioned countries like Russia, Iran and Venezuela.<\/p>\n<\/p>\n<p>The so-called &#8216;ghost ships&#8217; sail under foreign flags to obscure their origins, repeatedly change names, shift ownership through shell companies, disable transponders to evade tracking and conduct mid-sea transfers to mask their cargo.<\/p>\n<p>The result is a labyrinthine system of handoffs and disguised voyages.<\/p>\n<\/p>\n<p>Benjamin Jensen, who heads the Futures Lab at the Center for Strategic and International Studies, said the challenge extends well beyond Venezuela.<\/p>\n<p>&#8216;I do think it&#8217;s time that the United States and other countries start to address what really is a global problem,&#8217; explained Benjamin Jensen, director of the Futures Lab at the Washington, D.C.-based Center for Strategic and International Studies.<\/p>\n<p>Jensen said the seizure sends a shock not just to Caracas but to other actors as well.&nbsp;<\/p>\n<p>&#8216;What we don&#8217;t know is how they&#8217;re following that up behind the scenes,&#8217; he said, adding that further seizures under Trump are possible.<\/p>\n<p>With Venezuela\u2019s economy tethered almost entirely to oil revenue, he noted that even a single interdiction can have an outsized impact.&nbsp;<\/p>\n<p>&#8216;Anything you do that puts pressure on their ability to bypass sanctions and trade in oil is a direct threat to the economy and, by extension, the regime,&#8217; he said.&nbsp;<\/p>\n<p>Meanwhile, the Trump administration has signaled that the seizure of the &#8216;Skipper&#8217; is only the opening salvo in a new effort to cut off the oil revenues that keep Moscow, Tehran and Caracas afloat.<\/p>\n<p>White House Press Secretary <u>Karoline Leavitt<\/u> said Thursday that the vessel is &#8216;undergoing a forfeiture process.&#8217;<\/p>\n<p>&#8216;Right now, the United States currently has a full investigative team on the ground, on the vessel and individuals on board the vessel are being interviewed, and any relevant evidence is being seized,&#8217; Leavitt said, adding that the U.S. will take hold of the oil after the legal process is completed.<\/p>\n<p>The move comes as China continues to be the leading importer of Iranian oil and the second-largest buyer of Russian crude, much of it routed through a growing fleet of nondescript tankers evading U.S. sanctions.<\/p>\n<p>Earlier this year, the 19-year-old crude oil tanker named &#8216;Eventin&#8217; was seized by German authorities after the ship suffered engine failure in the Baltic Sea. The vessel was previously identified as a ship that exports Russian crude oil and other petroleum products.<\/p>\n<p>German authorities discovered that the Panama-flagged vessel, which was previously named Charvi and Storviken, was carrying 99,000 tons, or approximately $45 million worth, of Russian oil.<\/p>\n<\/p>\n<div>This post appeared first on FOX NEWS<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the U.S. seized a tanker carrying Venezuelan crude oil, the shadowy fleet of &#8216;ghost ships&#8217; used to evade sanctions drifted squarely into President Donald Trump&#8217;s crosshairs. On Dec. 10, Trump announced the seizure of the &#8216;Skipper,&#8217; a vessel that secretly ferries oil in defiance of sanctions.&nbsp; The broader fleet, a clandestine armada of roughly&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"_links":{"self":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/5252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/comments?post=5252"}],"version-history":[{"count":0,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/5252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media\/5253"}],"wp:attachment":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media?parent=5252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/categories?post=5252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/tags?post=5252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}