Belmont Stakes to be run at Saratoga Race Course again in 2026, a third time in a row

SARATOGA SPRINGS, N.Y. (AP) — The Belmont Stakes is set to be run at Saratoga Race Course in upstate New York for a third consecutive year in 2026.

Gov. Kathy Hochul and the New York Racing Association announced Friday that it will be the third and last time the Triple Crown finale is held there before returning to Belmont Park on Long Island in 2027.

“Saratoga has served our fans and stakeholders extremely well as the temporary home of the Belmont Stakes during the construction of a new Belmont Park on Long Island,” NYRA president and CEO David O'Rourke said. "Belmont Park will always be the home of the Belmont Stakes and we look forward to its return to the newly reimagined Belmont in 2027.”

It was confirmation of an expected extension of the race’s stay at Saratoga while Belmont Park undergoes nearly a half-billion dollar renovation project. It is on track to reopen in September 2026, with the Breeders' Cup returning to New York at Belmont Park in the fall of 2027.

The Belmont will again be run at 1 1/4 miles instead of its traditional 1-1/2 mile distance that has been known as the “test of the champion." That has been the case the past two years, as well, because of the configuration of the main dirt track.

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Jockey Lanfranco Dettori jumps off Raging Torrent after winning the 132nd running of the Metropolitan Handicap horse race, Saturday, June 7, 2025, in Saratoga Springs, N.Y. (AP Photo/Seth Wenig)

Horse racing fans stop to watch as a thoroughbred is led to the paddock before the 157th running of the Belmont Stakes horse race, Saturday, June 7, 2025, in Saratoga Springs, N.Y. (AP Photo/Seth Wenig)

Horse racing fans lounge on the grounds of Saratoga Race Course before the 157th running of the Belmont Stakes horse race, Saturday, June 7, 2025, in Saratoga Springs, N.Y. (AP Photo/Jessica Hill)

Spectators watch as thoroughbreds parade on the track before 41st running of the Woody Stephens horse race, Saturday, June 7, 2025, in Saratoga Springs, N.Y. (AP Photo/Jessica Hill)

Sovereignty (2), with jockey Junior Alvarado up, crosses the finish line ahead of Journalism (7), with jockey Umberto Rispoli up, and Baeza (6), with jockey Flavien Prat up, to win the 157th running of the Belmont Stakes horse race, Saturday, June 7, 2025, in Saratoga Springs, N.Y. (AP Photo/Seth Wenig)

MIAMI (AP) — Some oil vessels are diverting away from Venezuela after U.S. President Donald Trump threatened a “blockade” of sanctioned oil tankers entering or leaving the South American country, a dramatic escalation in the White House’s pressure campaign on leader Nicolás Maduro.

Trump said Tuesday on social media, in all caps, that he is ordering a "total and complete blockade of all sanctioned oil tankers” into and out of Venezuela, a move that threatens to choke off revenue from the world's largest oil reserves that are key to Maduro's grip on power.

It’s not clear exactly what Trump meant by his threats. U.S. sanctions adopted during his first administration make it illegal for Americans to purchase Venezuela’s crude oil without a license from the Treasury Department.

Additionally, hundreds of ships themselves have been sanctioned — part of a massive shadow fleet of often aging vessels that has proliferated in recent years to transport oil on behalf of Iran, Russia, Venezuela and other U.S. adversaries under sanctions.

At least 30 vessels under sanctions are navigating near Venezuela, according to Windward, a maritime intelligence firm that helps U.S. officials target the shadow fleet. A few have started to change their course, perhaps fearing they could face the same fate as the Skipper, a sanctioned vessel seized by U.S. forces last week near Venezuela.

“It’s quite clear that this has disrupted energy flows to and from Venezuela,” said Michelle Wiese Bockmann, a senior analyst at Windward. "Every hour when we’re tracking these vessels, we are seeing tankers that are deviating, loitering or changing their behavior.”

Among those is the Hyperion, which had been sailing toward the Jose port in Venezuela before doing a 90-degree turn early Wednesday and starting to head north away from the South American mainland.

The vessel, previously part of Russia’s state-owned shipping fleet, was one of 173 sanctioned in the final days of the Biden administration for allegedly facilitating Russian oil sales in violation of sanctions over Moscow’s invasion of Ukraine.

Following the penalties, the vessel changed its flag from the Comoros to Gambia. But the West African nation deleted Hyperion — along with dozens of other vessels — from its privately run ship registry in November for allegedly using false certificates claiming to have been issued by its maritime authority.

The vessel’s ownership also is obfuscated under multiple layers of offshore companies, some of them listed in Dubai, United Arab Emirates.

“It’s just screaming that it’s in a position to be seized,” Wiese Bockmann said.

Since the first Trump administration imposed punishing oil sanctions on Venezuela in 2017, Maduro’s government has boosted its reliance on a network of rogue tankers to smuggle a growing share of the roughly 900,000 barrels of oil per day that the OPEC nation produces.

Sanctioned tankers carried about 18% of Venezuela’s international shipments during the second half of this year, up from 6% in the first half of the year, according to Jim Burkhard, global head of oil markets and mobility at S&P Global Energy.

Burkhard said that while supplies to China, the main destination for most Venezuelan oil, could be affected, he doesn't expect any major disruption to oil markets.

“Volatility or uncertainty around Venezuela is not new, it’s not a shock,” he said. Markets also react more when supplies of oil are scarce, and “the market today is not tight. There’s plenty of oil.”

Unaffected for now is the roughly 143,000 barrels per day of Venezuelan heavy crude sent to U.S. refineries along the Gulf coast, much of it transported by Chevron, which has a waiver to operate in Venezuela.

“Chevron’s operations in Venezuela continue without disruption and in full compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government," spokesman Bill Turenne said.

Still, for the industry's rogue actors, Trump's threat of a blockade represents a paradigm shift.

“There are already ships that have decided not to leave Venezuela for fear of being seized, and there are also ships headed to Venezuela to load crude oil that decided to turn back," said Francisco Monaldi, a Venezuelan oil expert at Rice University in Houston.

That's good news for the oceans, where hundreds of vessels, many without insurance and poorly maintained, were a constant menace.

"Many of these are no more than floating rust buckets," said Wiese Bockmann, the Windward analyst. "So irrespective of the sanctions and the geopolitical reasons for their being targeted, it is a good thing to have a strategy to deal with them and to remove them from trading.”

Associated Press writer Michael Biesecker and Michelle L. Price in Washington, Regina Garcia Cano in Caracas, Venezuela, and David McHugh in Frankfurt, Germany, contributed to this report.

President Nicolas Maduro addresses supporters during a rally marking the anniversary of the Battle of Santa Ines, which took place during Venezuela's 19th-century Federal War, in Caracas, Venezuela, Wednesday, Dec. 10, 2025. (AP Photo/Ariana Cubillos)