The U.S. has seized a tanker off the coast of Venezuela, President Donald Trump announced on Wednesday, amid escalating tensions between the administration and the South American nation.

"It's been a very interesting day, from the standpoint of news. As you probably know, we've just seized a tanker on the coast of Venezuela," Trump said as he kicked off a roundtable event at the White House.

"Large tanker, very large, largest one ever seized, actually. And other things are happening, so you'll be seeing that later and you'll be talking about that later with some other people," Trump continued.

The oil tanker that was seized is referred to as a VLCC, or Very Large Crude Carrier, two sources told ABC News. VLCC's are large oil tankers and can carry up to around 2 million barrels of oil.

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