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Two Chinese tankers turned back from Venezuela due to U.S. sanctions, halting crude shipments despite diplomatic assurances.
Two China-flagged supertankers, Xingye and Thousand Sunny, turned back mid-voyage from Venezuela, according to LSEG shipping data, as U.S. sanctions and enforcement actions continue to disrupt oil exports.
The vessels, en route to collect crude under a debt-for-oil agreement, had been waiting in the Atlantic for weeks amid political instability and the U.S. embargo.
Despite U.S. assurances that China would not be blocked from Venezuelan crude, no shipments have reached China since last month.
Instead, global traders are preparing to export up to 50 million barrels of stored Venezuelan oil to the U.S., India, and potentially China through indirect channels.
The reversal underscores the ongoing challenges in moving Venezuelan oil amid heightened geopolitical tensions and strict sanctions.
Dos petroleros chinos volvieron de Venezuela debido a las sanciones estadounidenses, deteniendo los envíos de crudo a pesar de las garantías diplomáticas.