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Geopolitics

What are the potential benefits and challenges of the U.S. working with Venezuelan oil leaders?

U.S. officials are defending their work with Venezuelan businessman Alejandro Betancourt in the unprecedented White House move to effectively gain control over huge oilfields in the country. Why it matters: Betancourt is the colorful and controversial figure who heads North American Blue Energy Partners (NABEP), the oil company partnering with the administration in the agreement that gives the U.S. preferential access to output from 17 major fields. The Pentagon's Office of Strategic Capital is taking a 35% equity stake in the company.The U.S. also has the rights to buy 20% of the oil at cost after the company pays its taxes to Venezuela. Driving the news: At a briefing with reporters Tuesday, a U.S. official talked up Betancourt as a "proven operator" in the country's oil sector that has been vetted by the administration. The official also bluntly acknowledged the realpolitik in the effort to boost output in the country, which has vast reserves but modest oil production after years of mismanagement and underinvestment. "There's a reality here, okay, and that is that not just here, but in other parts of the world, you have to deal with the dynamics sometimes that are in place in order to get to where you want to get to," the official said. "I'm being blunt: we make choices like this all over the world.""Geopolitics is often not the choice between the ideal and the imperfect. It is often, you're trying to navigate what's the best outcome, and you have to work with the factors that you have in place."In prior conversations with Axios, two other senior administration officials acknowledged the troubles Betancourt has faced, but said they were worth the risk. Catch up quick: Betancourt, 46, is the linchpin to Trump's plan to increase U.S. access to oil and strengthen its dominance in the hemisphere, which became clear after the Jan. 3 removal of Venezuelan strongman Nicolas Maduro. His ties to the first Trump administration, anti-Maduro activity in 2019 and his help in

United States
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Geopolitics

What should South Korea consider when deciding about military options in the Strait of Hormuz?

By Heejin Kim and Kyu-seok Shim SEOUL, Sept 4 (Reuters) - South Korea is reviewing options, including military measures, to support freedom of navigation in the Strait of Hormuz, the presidential office said on Friday, while denying media reports that the government had already decided on a deployment. Several South Korean media outlets, including JTBC and MBC, reported late on Thursday that Seoul was preparing to deploy military assets before the end of the year and could seek parliamentary approval this month

South Korea
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Politics

What do you think the rise of the far-right AfD party means for Germany's future and its politics?

Could Europeans awaken next Monday to another shock bellwether moment? German voters could for the first time since World War II give an outright majority to a far-right party in regional elections. We ask about the AfD's push in Saxony-Anhalt and a charismatic lead candidate whose campaign strives to put charm above the vitriol usually associated with a party with pro-Nazi roots

France
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Geopolitics

How can the US role in the West Bank help reduce violence and improve relationships between different communities?

By Ali Sawafta and Alexander Cornwell TURMUS AYYA, West Bank, Sept 5 (Reuters) - U.S. Ambassador to Israel Mike Huckabee on Saturday met with Palestinian Americans, including relatives of U.S. citizens killed by Israeli settlers, in a Palestinian town in the occupied West Bank that has been the target ofsettler attacks. The visit comes as settler violence, and what is widely perceived as the Israeli government's inaction, has increasingly drawn international condemnation, including from U.S. allies

United States
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