How Venezuelan invasion of Guyana could impact tanker shipping

News Snapshot:

Shipping already faces fallout from two wars: trade shifts due to Russia’s invasion of Ukraine and vessel attacks off Yemen in the wake of the Israel-Hamas conflict. Could there be a third simultaneous war — and even more trade complications for shipping? Venezuela is threatening to invade Guyana and annex Guyana’s oil-rich Essequibo region, claiming the jungle territory and its offshore areas were stolen from Venezuela in 1899. Essequibo comprises around two-thirds of Guyana. Guyana has been a bright spot for crude tankers. Since offshore production began in 2019, crude exports have risen to 400,000 barrels per day (b/d), with...