The recent moves against Venezuelan oil tankers? More political theater than genuine sanctions enforcement. It's performative posturing, the kind of headline-grabbing that makes for good optics but lacks teeth where it actually matters. Real test would be watching how this administration handles Russian or Iranian vessels—that's when we'd see if there's actual conviction behind the policy. For now, it reads more like domestic political spectacle than systemic change. Without consistency across different adversaries, these gestures remain largely symbolic. The crypto market watches these geopolitical pivots carefully; sanctions architecture directly impacts commodity markets, which feeds back into macro sentiment. Until we see enforcement applied evenly across the board, skepticism is warranted.