India, March 25 -- Oil hovered near a three-week high on Tuesday after rising more than 1 percent in the previous session as U.S. President Trump said he would seek a 25 percent tariff on nations buying crude and gas from Venezuela.
Benchmark Brent crude futures rose half a percent to $72.71 a barrel in European trade, while WTI crude futures were up half a percent at $69.47.
Trump said Monday he will impose tariffs of 25 percent on any nation that buys oil from Venezuela, claiming the country has "purposefully and deceitfully" sent criminals, including violent individuals and members of gangs like Tren de Aragua, to the U.S.
"Venezuela has been very hostile to the United States and the Freedoms which we espouse," Trump said in a post on...