Trump, White House
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A fifth oil tanker linked to Venezuela was interdicted by U.S. forces in the Caribbean, U.S. Southern Command confirmed on Friday. Two U.S. officials confirmed to CBS News that the Coast Guard, supported by the Navy, was in the process of seizing the Olina oil tanker.
President Trump met with oil executives at the White House to discuss the future of the oil business in Venezuela and the next steps for their industry. NBC News' Brian Cheung and Monica Alba report on the economic impact the companies could have and the administration's future plans.
The Trump administration claims the U.S. oil industry could quickly increase Venezuelan oil production by 50% within the next 12 to 18 months.
President Trump said he's "inclined" to shut ExxonMobil out from accessing oil in Venezuela, saying the company is "playing too cute."