How Venezuela Oil Blockade Could Spark Tanker Piracy In Caribbean

President Trump's newest sanctions attempting to curb some $11 billion of crude exports from Venezuelan state-oil company PDVSA  to the United States this year has many world leaders worried about their international impact ranging from rapidly rising oil prices to new stress on debt payments owed by Caracas, but few are watching the potentially volatile waters just off Venezuela in the Caribbean where already long simmering economic and legal tensions between suppliers and PDVSA tankers which aren't paying their bills could give way to an outright piracy situation as more and more servicing companies seize oil-laden tankers docked in Caribbean island ports until the balance is paid

https://www.zerohedge.com/news/2019-01-29/how-venezuela-oil-blockade-could-spark-tanker-piracy-caribbean

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24 minutes ago, AdrianC said:

where already long simmering economic and legal tensions between suppliers and PDVSA tankers which aren't paying their bills could give way to an outright piracy situation as more and more servicing companies seize oil-laden tankers docked in Caribbean island ports until the balance is paid

I would not refer to siezing oil tankers for non-payment of debt as piracy.

As much as I like reading Zero Hedge, some of the clickbait titles can be annoying.

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