"The warrant, signed by U.S. magistrate judge Zia Faruqui on Nov. 26, was obtained under federal law that authorizes seizure of all assets "engaged in planning or perpetrating any Federal crime of terrorism," according to a Friday news release from the U.S. attorney general's office for D.C. What they're saying: "The FBI's Counterintelligence Division and our partners will continue to enforce U.S. sanctions and cut off our adversaries from financial markets and critical technology," FBI Director Kash Patel said in the news release."
"He added that the seizure highlights the success of "efforts to impose costs on the governments of Venezuela and Iran." Zoom out: Oil prices are falling despite the strife because a global supply surplus is outpacing demand growth, Venezuela's output is relatively small in the world market, and traders are less inclined to price in geopolitical risk, Axios' Ben Geman wrote on Friday. Go deeper: Why oil is chill despite rising heat on Venezuela"
A U.S. magistrate judge signed a warrant on Nov. 26 under federal law authorizing seizure of assets "engaged in planning or perpetrating any Federal crime of terrorism." The FBI's Counterintelligence Division and partners will continue to enforce U.S. sanctions and cut off adversaries from financial markets and critical technology. The seizure is presented as part of efforts to impose costs on the governments of Venezuela and Iran. Oil prices are falling because global supply surplus outpaces demand growth, Venezuela's output is small globally, and traders are less inclined to price in geopolitical risk.
Read at Axios
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