US Seizes 2 Oil Tankers, Trump Targets Institutional Purchases of Homes, More
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News when you want it with Bloomberg News Now. I'm Amy Morris. The United States says it ceased two sanctioned oil tankers linked to Venezuela in back-to-back actions in the North Atlantic and the Caribbean. Bloomberg's Mike Shepard says the U.S. wants to exert maximum control over the flow of oil in and out of Venezuela.
They want to be sure that the revenue that comes from the country eventually goes back into Venezuela, but also goes to support whatever costs the U.S. may have incurred. They are stressing also that the money from the sales of Venezuelan oil would go to U.S. accounts first and then be funneled back into Venezuela. U.S.
forces boarded a Venezuela-linked sanctioned oil tanker in the North Atlantic after pursuing it for weeks. Secretary of Homeland Security Kristi Noem then posted on social media that U.S. forces also took control of a tanker, Sofia, in the Caribbean. Noem says both ships were either last docked in Venezuela or en route to it. After briefing Senate lawmakers about the U.S.
What actions did the U.S. take regarding oil tankers linked to Venezuela?
operation in Venezuela, Secretary of State Marco Rubio and Defense Secretary Pete Hegseth told reporters on Capitol Hill about the plan.
The oil arrangement that we've made with PDVSA on their sanctioned oil, that they can't move. Understand, they are not generating any revenue from their oil right now. They can't move it unless we allow it to move because we have sanctions, because we're enforcing those sanctions. This is tremendous leverage. We are exercising it in a positive way.
And White House Press Secretary Caroline Leavitt says President Trump will be meeting with oil executives on Friday.
Well, the meeting is on Friday, and it's just a meeting to discuss, obviously, the immense opportunity that is before these oil companies right now.
The Trump administration plans to control future sales of oil from Venezuela and use the proceeds to rebuild that nation's economy. Energy Secretary Chris Wright says the U.S. will sell Venezuelan oil indefinitely.
We're going to let the market, let the oil flow, sell that market to United States refineries and to around the world to bring better oil supplies, but have those sales done by the U.S. government and deposited into accounts controlled by the U.S. government.
Energy Secretary Chris Wright was speaking at the Goldman Sachs Energy, Clean Tech and Utilities Conference in Miami. President Trump says he'll move to ban institutional investors from buying single-family homes, part of a push to address housing affordability. Trump made the announcement on social media. He did not immediately provide details on what his effort will entail, but said he would ask Congress to codify the action. Trump says he'll discuss the topic alongside other cost-of-living initiatives during a speech at the World Economic Forum in Davos later this month. Shares of Blackstone fell more than 9% on the news, American Home shares fell more than 5%, and Lennar shares are about 2% lower.
The Trump administration released updated nutrition guidelines, bringing back a revamped version of the food pyramid while urging people to eat less sugar and more protein. Health Secretary Robert F. Kennedy Jr.
My message is clear. Eat real food. Nothing matters more for health care outcomes, economic productivity, military readiness, and fiscal stability.
The changes will impact what food is eligible for federal dollars under food stamp and school lunch programs. President Trump has leveled fresh criticism toward NATO. Just days after Denmark's prime minister said Trump's desired takeover of Greenland would mean the end of the military alliance, we learn more about why the president is so focused on Greenland from Bloomberg's Lizzie Burden.
Greenland is already home to the U.S.
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