In recent years, several European states have sought to project their precious naval assets in the Indo-Pacific region in ways that reflect widely accepted fashions in strategic thinking. But the underlying logic of this thinking now needs to be viewed more critically after the return of interstate war on European soil.
Last week, United Nations Secretary-General Antonio Guterres was in Istanbul for what he described as “probably the most important” event of his tenure at the U.N. to date. He visited Turkey for the signing of agreements by Russia and Ukraine that are meant to allow agricultural shipments to resume from Black Sea ports, helping to alleviate a growing global food crisis. While Turkish officials played a major part in these talks, Guterres has been personally involved in the negotiations “every day” since April. This initiative may come to be considered a turning point in his career as the U.N.’s top official. [...]
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 [...]