Key insights and market outlook
Global oil prices rose significantly on Monday, December 22, 2025, after the United States intercepted a Venezuelan oil tanker in international waters off Venezuela's coast. Brent crude rose to US$60.91-61.04 per barrel 1
Global oil prices experienced a significant increase on Monday, December 22, 2025, following reports that the United States had intercepted a Venezuelan oil tanker in international waters off Venezuela's coast 1
The price of Brent crude oil for February 2026 delivery rose by 0.73-0.9% to between US$60.91 and US$61.04 per barrel 1
Analysts attribute the price increase to growing tensions between the United States and Venezuela. "The market is beginning to realize that the Trump administration is taking a tough stance on Venezuelan oil trading," said June Goh, senior oil market analyst at Sparta Commodities 3
The interception has raised concerns about potential further escalations and their impact on global energy markets. Girta Putra Yoga from ICDX Research noted that the rising tensions between the US and Venezuela are directly influencing crude oil prices 2
US Intercepts Venezuelan Oil Tanker
Global Oil Price Surge