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venezuela

Oil workers drilling a well in an oil field, Venezuela.
What We're Watching

The US stakes its claim on Venezuelan oil fields, Greece inks a massive weapons deal with Israel, Russia comes to Niger’s rescue

The US government will take a majority stake in a new company that has the rights to develop 65 million barrels of Venezuelan crude, or about one-fifth of the country’s total proven reserves.

Big win in the Little League World Series
Hard Numbers

Big win in the Little League World Series

It’s the second time Curaçao — the tiny Caribbean nation of 150,000 people — has won the Little League World Series.

People hold a sign that reads "No" during a rally of the "No to EU" campaign ahead of a referendum on whether Iceland should resume accession negotiations with the European Union, in Reykjavik, Iceland.
What We're Watching

Iceland votes on restarting EU talks, Ebola vaccinations begin in DRC, US wants a huge stake in Venezuelan oil fields

Membership has long been a divisive topic on the island, which gained independence from Denmark in 1944 and remains fiercely protective of its sovereignty.

A man holds up a Venezuelan flag in front of the sun.
Analysis

Is Venezuela’s transition beginning under Washington’s script?

US-backed negotiations are opening a possible path to democratic elections in Venezuela – even as the country’s most popular opposition leader remains outside the room.

​US Secretary of State Marco Rubio in Ankara, Turkey, on July 8, 2026.
What We're Watching

Marco Rubio’s not-so-little role in Venezuela, Millions of Sudanese reluctantly return home, Japan reopens an intelligence agency

Who runs Venezuela these days? According to a detailed new exposé by the New York Times, real power over the oil-rich country lies with US Secretary of State Marco Rubio.

​People search for casualties under the rubble of a collapsed building in Caracas following earthquakes in Venezuela, on June 25, 2026.
What We're Watching

Earthquake tragedy tests Delcy’s leadership, A strange Pride fixture at the World Cup, Iran strikes a ship in the Strait

The death toll from the Venezuelan earthquakes continues to rise, nearing 600 by Friday morning. But as is often the case with natural disasters of this scale, there will be a political dynamic too.

A building damaged by earthquakes that hit the country, in Caracas, Venezuela, on June 25, 2026.
What We're Watching

Deadly earthquakes rock Venezuela, Iraq reportedly threatens OPEC-xit, Anthropic claims Chinese firm is stealing from its model

At least 164 people were killed and nearly 1,000 were left injured after two powerful earthquakes struck Venezuela on Wednesday evening.

​Giorgia Meloni in Siracusa, Italy, on September 21, 2024.
What We're Watching

Italy’s Meloni considers early election, Venezuela’s debt is much larger than first thought, EU talks to the Taliban

Italian Prime Minister Giorgia Meloni is reportedly considering early elections, as her popularity dips amid a rising challenge from the far right.

Mock up display at Paris Air Show of the FCAS aircraft
What We're Watching

Paris and Berlin can’t agree on fighter jet plan, Venezuela’s Rodríguez meets with Turkey’s Erdoğan, Taiwan explores chip export controls to China

France and Germany have scrapped their $115.6 billion joint fighter jet project, collapsing Europe's most ambitious defense initiative after years of corporate infighting.

Did the US actually stabilize Venezuela?
ask ian

Did the US actually stabilize Venezuela?

Ian Bremmer breaks down the complicated reality inside Venezuela after Nicolás Maduro’s removal from power. While the Trump administration sees the operation as a major foreign policy victory, Ian argues the harder challenge is only beginning; turning Venezuela into a stable economy and a representative democracy.