Chevron (CVX) is preparing to ship about 1 million barrels of Venezuelan crude, a day after President Donald Trump accused the country of using oil revenues to fund drug trafficking and terrorism. The company,

The president said in a Truth Social post Venezuela should return those assets to the U.S. and declared an oil tanker blockade.

Chevron Corp. is flying employees from Caracas to its oil production sites in Venezuela despite a US warning to operators that air travel in the region may be unsafe due to military satellite interference.

Venezuela's PDVSA resumes oil loading post-cyberattack amidst U.S. blockade threats. Crude exports drop, with over 9 million barrels stranded due to shipping interruptions. Despite tensions, Chevron continues operations as more tankers face sanctions.

US warships, tanker seizures and a declared blockade are squeezing Venezuela’s oil lifeline. As exports slow to a crawl, Chevron remains the lone US operator and even that window may be closing.

Venezuela struck a defiant note Wednesday, insisting its crude oil exports were not impacted by US President Donald Trump's announcement of a potentially crippling blockade.

At least two tankers carrying Venezuelan oil byproducts including methanol and petroleum coke departed on Wednesday from the OPEC country's largest port, Jose, according to ship tracking data and internal documents from state company PDVSA.