London/Washington — Ship insurers and several companies that certify vessels are seaworthy have withdrawn services to tankers involved in the Venezuelan oil trade as the US targets the maritime industry to tighten sanctions on the Latin American country.
US sanctions have driven Venezuela’s oil exports to their lowest level in nearly 80 years, starving President Nicolas Maduro’s socialist government of its main source of revenue and leaving authorities short of cash for essential imports such as food and medicine...
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