Lately, energy companies have been acting as if U.S. sanctions on Venezuela’s oil industry are likely to end soon. Last month, two U.S. investment firms—Gramercy Funds Management and Atmos Global Energy—formed a joint venture with the Venezuela-based Inelectra Group to engage in oil and gas exploration. The ownership of Citgo’s refineries in the country were a key point of contention for several years between Venezuelan President Nicolas Maduro and his opposition, but the U.S. oil giant’s management has nevertheless said it would accept crude exported from Venezuela if sanctions are indeed lifted. Their apparent belief that sanctions will be lifted is a [...]
U.S. President Joe Biden’s “summer of diplomacy” continued last week, this time with stops in the Middle East, where he visited two long-term U.S. regional partners, Israel and Saudi Arabia. But unlike recent stops in the German Alps for the annual G-7 meeting or in Madrid for the NATO leaders’ summit, Biden’s meetings in Riyadh, in particular, generated a great deal of criticism and even opprobrium. Ahead of the trip, critics had warned that visiting Saudi Arabia went directly against Biden’s campaign promise to no longer give the kingdom a “blank check” when it comes to its human rights record. [...]
The assassination of Abe Shinzo last week left the world in shock. As Japan’s longest-serving prime minister—having held office from 2006 to 2007 and again from 2012 until 2020—Abe left an indelible and controversial impact on Japanese politics and policy. This was particularly the case in foreign policy. Though he was never able to successfully revise Japan’s pacifist postwar constitution, he did move Japan along the path toward becoming a “normal country,” that is, one able to pursue its interests through all available means, including military force. But one of Abe’s greatest accomplishments, at least in the realm of international [...]
