Panama's maritime authority on Thursday said it had canceled in January of last year the flag of the M Sophia, a Venezuela-linked oil tanker seized by the U.S. military this week. ...

Core Viewpoint - The recent actions increase pressure on Caracas following Trump's declaration of a blockade on sanctioned ships transporting its oil [1] Group 1 - The blockade targets ships that are involved in the transportation of oil from Venezuela, which is facing significant sanctions [1] - This move is part of a broader strategy to exert economic pressure on the Venezuelan government [1] - The implications of the blockade could lead to further isolation of Venezuela in the global oil market [1]