Oil up 1.5% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela

Core Point - U.S. crude futures increased by over 1% following President Trump's directive for a complete blockade of all sanctioned oil tankers associated with Venezuela [1] Group 1 - The U.S. government has implemented a total blockade on oil tankers entering and leaving Venezuela, which is expected to impact crude oil supply dynamics [1] - The blockade is part of broader sanctions aimed at restricting Venezuela's oil exports, which are crucial for its economy [1]