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The Red Line

Feb 5, 2023

With demand for oil skyrocketing, the US are now reconsidering the usefulness of Venezuela's massive natural oil reserves. To meet the demand in the market, some in Washington are now even going as far as to propose the beginning of the normalisation of relations between Washington and Venezuela, with oil company Chevron already beginning operations inside the country as a test case. If the process goes ahead, it may signal an end to the US policy of "maximum pressure" throughout the region and the beginning of a region-wide policy shift. But how far will either side be willing to take these talks, and how will Venezuela's current allies in China and Russia react to these developments? We ask our panel of experts.

On the panel this week: 
- Phil Gunson (Crisis Group)
- Ben Norton (Geopolitical Economy)
- Chris Sabatini (Chatham House)

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