No. of Recommendations: 11
The Oil Tankers Trump Seized Are Costing the U.S. Millions of Dollars
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
The seizures have put the U.S. government in a financial bind. The ships are highly expensive to maintain. And the Trump administration cannot legally sell their oil without a judge’s permission.
Maintaining the seized tankers has already cost the United States tens of millions of dollars — in one case, $47 million in only three months — and complicates Mr. Trump’s claims of swift financial victories from his military operations targeting Venezuela and Iran.
The situation is laid bare in U.S. District Court in Washington, where Trump officials are detailing the financial burden of maintaining a seized tanker.
