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The Veronica is the fourth tanker seized since the U.S. ouster of Venezuela President Nicolás Maduro in a surprise nighttime raid almost two weeks ago.

The global oil industry is working through the consequences of Washington’s move. For shipowners, that means higher rates on some routes as current and future oil flows are redirected.

Honda’s sales of EVs will take a back seat to gas-fueled cars and SUVs in response to growing demand for low-cost models, said Lance Woelfer, the head of Honda’s U.S. sales operations.

TotalEnergies CEO Patrick Pouyanne said it would take years to increase Venezuela’s oil output to above 3 million barrels a day from less than 1 million currently.

Instead of plug-in hybrids, Stellantis is turning its focus to mild hybrids that don't require a plug. Its first such offering in North America is the Jeep Cherokee, which is reaching dealers now.

“I didn’t like Exxon’s response,” Trump said to reporters on Air Force One as he departed West Palm Beach, Fla., on Jan. 11. “They’re playing too cute.”

President Donald Trump called on oil executives to rush back into Venezuela as the White House looks to quickly secure $100 billion in investments to revive the country's petroleum reserves.

Among the companies attending are Chevron, which still operates in Venezuela, and Exxon Mobil and ConocoPhillips, which both had oil projects in the country that were lost in 2007.

“We are marching forward as though this emissions regulation lands at the beginning of 2027,” said Dan Kayser, executive vice president of commercial operations at International.

General Motors will take another $6 billion in charges tied to production cutbacks in its EV and battery operations as the financial fallout spreads from the weakening U.S. market for EVs.