Trump Takes Aim at Venezuela’s Maduro With Tanker Blockade

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  The U.S.

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  escalates its campaign against Venezuela's Nicolas Maduro with a blockade on sanctioned oil tankers.

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  Plus,

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  a look at what the biggest IPO of the year can tell us about going public in 2026 and layoff worries mount at the office.

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  It really seems like this is an age of anxiety for the white collar workers and it's showing up a bit in the jobs report but where it's really showing up is on surveys and it's pretty clear that office workers are really nervous about losing their jobs right now.

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  It's Wednesday, December 17th.

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  I'm Luke Vargas for The Wall Street Journal and here is the AM edition of What's News,

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  the top headlines and business stories moving your world today.

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  President Trump has ordered a blockade of sanctioned oil tankers in and out of Venezuela.

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  In a social media post, Trump wrote that U.S.

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  forces now had the country completely surrounded,

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  and he also threatened a larger American military presence, unless the regime of Venezuelan leader,

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  Nicolas Maduro, returned what he claimed were stolen assets,

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  an apparent reference to U.S.-linked holdings nationalized by the Venezuelan state.

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  Well, to put these developments into context,

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  I'm joined by Jorge Leon, the head of geopolitical analysis at Ristad Energy.

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  Jorge, how big of a deal is this blockade?

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  And we should specify that it is just a partial blockade because it appears to exclude Chevron,

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  which has a license exempting it from US sanctions.

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  I think it's pretty significant.

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