A rusty oil tanker drifting through the icy North Atlantic has become the centre of a high-stakes geopolitical showdown involving the United States, Russia, Iran and Venezuela. Known first as Bella 1 and later renamed Marinera, the so-called “ghost ship” vanished from tracking systems, changed identity, and even painted a Russian flag on its hull to deter seizure. While suspected of sanction-busting oil smuggling, intelligence reports suggest it may have been carrying weapons, not crude. Now in U.S. custody, the tanker has sparked diplomatic outrage, raising urgent questions about maritime law, sanctions, and power struggles shaping Latin America’s future.