Oil prices slipped on Tuesday as traders weighed geopolitical risks against bearish fundamentals, after the U.S. signaled it might sell the Venezuelan crude it has seized while Ukraine's attacks on Russian vessels and piers heightened fears of supply disruption.

The Trump administration is increasing action against Venezuelan oil tankers after seizing two and pursuing a third.

The US Coast Guard’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline and isolate the government of President Nicolás Maduro.

CNN’s Kevin Liptak reports on the US pursuit of the sanctioned oil tanker Bella 1 in international waters near Venezuela after officials tried to intercept it.

Fox News correspondent Madison Scarpino reports US troops are in active pursuit of a third sanctioned oil tanker off the coast of Venezuela amid growing pressure on Maduro.

The seizure comes comes days after President Trump announced a "blockade" of sanctioned oil tankers entering and leaving Venezuela.

The US is still in pursuit of a third oil tanker near Venezuela, according to a US official, as President Donald Trump intensifies an oil blockade on Nicolás Maduro’s government.

U.S. forces on Saturday stopped an oil tanker off the coast of Venezuela for the second time in less than two weeks as President Donald Trump continues to ramp up pressure on Venezuelan President Nicolás Maduro.