Venezuela blockade: Venezuela’s government has ordered its Navy to escort ships carrying petroleum products from port, escalating the risk of a confrontation with the United States after President Trump ordered a “blockade” aimed at the country’s oil industry. Read more ›

Donald Trump alleges Nicolás Maduro's regime is using "stolen oil fields" to fund "drug terrorism". Follow Newsweek's live blog

Venezuelan President Nicolás Maduro said Wednesday that his US counterpart Donald Trump had revealed his true motives toward the South American country with his claim that that it had stolen US “oil,

President Donald Trump ramped up pressure on Venezuela on Tuesday by announcing that he is ordering a blockade of all “sanctioned oil tankers ” entering and leaving the South American country.

President Donald Trump is set to address the nation at 9 p.m. ET on Wednesday night in a live speech from the White House. Follow Newsweek live.

The moves comes after U.S. forces last week seized an oil tanker off Venezuela’s coast, an unusual move that followed a buildup of military forces in the region.

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Around 12 U.S. warships and 30-50 aircraft positioned off Venezuela highlight the scale of Washington’s military operation.

Watch live as President Donald Trump addresses the nation. White House press secretary Karoline Leavitt told reporters that the president will discuss what he accomplished this year and his plans for the next three years.

President Donald Trump will hold a meeting at the White House this evening about next steps on Venezuela, sources told CNN, as his administration seeks a peace deal in Ukraine. Follow for live updates.