It was transporting sanctioned oil.

I'm Lisa Lacerra, Fox News.

That's what Attorney General Pam Bondi is saying after the U.S. seized an oil tanker off the coast of Venezuela.

During a roundtable with business leaders, President Trump announced a large tanker was seized, not far from Venezuela.

Large tanker very large. not far from Venezuela. Large tanker, very large.

Largest one ever seized, actually.

And other things are happening.

The president did not offer details on the seizure.

It was carried out by the Coast Guard with support from the U.S. Navy.

Fox is Jared Halpern.

And the president had a warning for the president

of Colombia, Gustavo Petro. He's going to have himself some big problems if he doesn't

wise up. The president has called Petro a drug dealer in the past and again today accused him

of producing what he said was a lot of drugs. The House has passed a sweeping defense policy bill that authorizes $900 billion in military programs,

including a pay raise for troops and an overhaul of how the Department of War buys weapons.

The measure next goes to the Senate.

Even after the Federal Reserve cut its key interest rate for the third time in a row,

President Trump says he still intends to

replace Chair Jerome Powell. I'm looking for somebody that will be honest with interest rates.

I just want honestly, our rate should be much lower. Our rate should be the lowest rates in the

world. During the meeting, Powell signaled the Fed would likely hold off on further rate cuts

in the coming months while it evaluates the health of the economy. The markets reacted positively.

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