In a Truth Social post late on Tuesday night, US President Donald Trump announced that Venezuela would be “turning over” between 30 and 50 million barrels of oil to the US, where it will then be sold at market prices. In this edition, we explore what impact this move could have for the US as well as for China, which was the top buyer of Venezuelan oil before a US-imposed blockade last month. Elsewhere, Japan reacts angrily to China’s decision to ban exports of “dual-use” items.
