Commodities trader Trafigura Group is getting ready to load its first ship of Venezuelan crude after the US government moved to assert control over the country’s oil.

Oil companies aiming to participate in new exports of Venezuelan crude to the U.S. following the ouster of President Nicolas Maduro are in hasty discussions to find tankers and put together operations to transfer the crude safely from vessels and dilapidated Venezuelan ports,

Since early December the US Coast Guard and other military branches have boarded and taken control of five oil ships that had previously been sanctioned, all either accused of being in the process of transporting Venezuelan oil or on their way to take on oil that has been subject to US sanctions since President Donald Trump began a pressure campaign against the leadership of the country during his first term.

The U.S. European Command confirmed the seizure of the Marinera, a Venezuela-linked oil tanker formerly known as Bella-1. It said the vessel was seized for violations of U.S. sanctions and pursuant to a warrant issued by a U.S. federal court after being tracked by USCGC Munro.

Tanker loading in Venezuela dwindled on Monday, with most ships moving oil cargoes only between domestic ports following U.S. action against two more ships and as state-run energy company PDVSA struggles to recover from a cyberattack,

Tanker loading in Venezuela dwindled on Monday, with most ships moving oil cargoes only between domestic ports following U.S. action against two more ships and as state-run energy company PDVSA struggles to recover from a cyberattack, according to tracking ...

The military operation, which seized two ships, including a Russian one, represents a dramatic escalation in tensions between Trump and Putin.