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    Why Russia’s economy is unlikely to collapse even if oil prices fall | Phillip Inman

    Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economyPacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil.Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat of falling oil prices, prompted by US plans for control of Venezuela’s rigs, will have been a source of concern. Continue reading… More

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    Trinidad and Tobago went all in with the US – it will prove a costly misjudgment | Kenneth Mohammed

    Aligning itself with Washington and dismissing regional diplomacy has left the dual island nation isolated amid the Venezuela crisisThere is a saying in Trinidad and Tobago: “Cockroach should stay out of fowl business.” It captures a hard truth. Small states that stray into great-power conflicts rarely emerge unscathed. They are not players; they are expendables.It’s a statement that frames the reality of where Trinidad and Tobago sits uneasily today. Continue reading… More

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    Trump’s territorial ambition: new imperialism or a case of the emperor’s new clothes?

    Trump’s attack on Venezuela suggests expansionism is under way but some argue it is simply standard US foreign policy stripped of hypocrisyThe attack on Venezuela and the seizure of its president was a shocking enough start to 2026, but it was only the next day, when the smoke had dispersed and Donald Trump was flying from Florida to Washington DC in triumph, that it became clear the world had entered a new era.The US president was leaning on a bulkhead on Air Force One, in a charcoal suit and gold tie, regaling reporters with inside details of the abduction of Nicolás Maduro. He claimed his government was “in charge” of Venezuela and that US companies were poised to extract the country’s oil wealth. Continue reading… More

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    Trump threatens Greenland and Iran at meeting with oil bosses on Venezuela – as it happened

    This live blog is now closed.Trump news at a glance: president pitches oil companies on major extractions in VenezuelaPope Leo XIV has denounced how nations are using force to assert their dominion worldwide, saying they are “completely undermining” peace and the post-Second World War international legal order, AP reported.In his most substantial critique of US, Russian and other military incursions in sovereign countries, Leo told ambassadors who represent their countries’ interests at the Holy See that “war is back in vogue and a zeal for war is spreading”. Continue reading… More

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    The Guardian view on Iran’s protests: old tactics of repression face new pressures | Editorial

    A brutal regime has failed to safeguard either the country’s physical security or basic living standards. But Donald Trump’s threats to intervene won’t help civiliansThe internet blackout across Iran is meant to prevent protests from spreading, and observers from witnessing the crackdown on them. But it’s also emblematic of the deep uncertainty surrounding this unrest and the response of a regime under growing pressure.Rocketing inflation and a tanking currency sparked the protests in late December. They have since broadened and spread. Videos showed thousands marching in Tehran on Thursday night and people setting fire to vehicles and state-owned buildings.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading… More

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    Trump’s Venezuela strike won’t distract voters from the crises at home | Steven Greenhouse

    As Americans worry about healthcare and affordability, the ‘no more wars’ president is helping oil companies insteadImmediately after Donald Trump ordered a military strike in Venezuela, many critics focused on how that attack violated international law as well as the US War Powers Resolution. But there hasn’t been nearly enough focus on the domestic implications of Trump’s move.Trump seems to have ordered his Venezuela venture in part to flip the script away from domestic matters, where things aren’t going well for him. His approval ratings are underwater, and he’s getting low marks on the economy, health policy (just 30% approval), inflation (31% approval on the cost of living), his immigration crackdown (41% approval) and his sending the national guard into US cities. Then there’s the big thumbs down that Americans are giving to his tariffs, which have helped push up prices even though candidate Trump promised to lower prices on day one.Steven Greenhouse is a journalist and author, focusing on labour and the workplace, as well as economic and legal issues Continue reading… More