Which ports are affected by this event?

The event impacts the following ports: Venezuelan Export Terminals (general) (VE).

When does this event start?

The event is estimated to begin on January 1, 2026.

Which countries are impacted?

The following countries are directly involved: Venezuela.

What is the original source of this news?

Published on hellenicshippingnews.com — Seadex republishes a factual, structured summary on July 2, 2026.

Tanker Market: Venezuelan Oil Market Coming Into Play Once More

The easing of U.S. sanctions on Venezuela has significantly expanded Venezuelan crude exports in 2026, with volumes rising from 1.90 million mt in June 2025 to 6.25 million mt in June 2026, reshaping tanker demand across VLCCs, Suezmaxes, and Aframaxes. This reintegration of Venezuelan crude into the mainstream tanker market is supporting vessel utilization and freight rates in the Atlantic basin.

Tanker Market: Venezuelan Oil Market Coming Into Play Once More

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