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The current fraught détente with Washington is a window of opportunity to recover an economy operating at roughly 30% of its pre-sanctions level.
Although progressives are rightly concerned about US-coerced compromises and concessions, it is equally important to understand the resilience and continuing successes of Venezuela’s Bolivarian Revolution. Focusing only on the half-empty aspect of the proverbial glass obscures the strength of the resistance and conceals the vulnerabilities of the imperial juggernaut.
On a delegation to Venezuela, the constant refrain from both high-ranking government officials and grassroots Chavistas—supporters of the movement led by former President Hugo Chávez—was that they were urgently “buying time.”
A quarter-century of US hybrid war on Venezuela, especially the unilateral coercive measures (sanctions), has had a corrosive effect. The current fraught détente with Washington is a window of opportunity to recover an economy operating at roughly 30% of its pre-sanctions level.
The kidnapping of President Nicolás Maduro and First Lady Cilia Flores by US special forces on January 3 was “the one scenario we didn’t expect,” according to former Venezuelan Deputy Foreign minister Carlos Ron.
The kidnapping was a military success for the US. But politically Washington had no viable alternative to the Chavistas retaining power.
Abducting a lawful head of state—an egregious violation of international law—is not, however, unprecedented. In 2004, the US flew Haiti’s Jean-Bertrand Aristide to the Central African Republic in what Washington claimed was a voluntary decision, but which Aristide called a kidnapping. In 1990, following a bloody invasion, the US extradited Panama’s Manuel Noriega.
Leading up to January 3, Washington had incrementally tightened its stranglehold over Venezuela. Initial sanctions imposed in 2015 evolved from targeted measures to broad sectoral restrictions, especially on oil and finance. “Secondary sanctions” followed, penalizing non-US actors engaged with Venezuela. By December an outright military “total and complete blockade” piratically seized oil tankers.
US President Donald Trump also designated the so-called Cartel de los Soles as a terrorist organization, allegedly headed by Maduro. A $25-million bounty on Maduro under former US President Joe Biden was doubled in August. The following month, the US commenced extrajudicial murders of alleged drug runners in small boats in the Caribbean and the eastern Pacific. By October, Trump suspended all communication with the Maduro government.
Despite post-kidnapping concessions, it is instructive to consider what hasn’t happened. The political leadership did not splinter, and the country did not descend into chaos. The US-directed fate of Libya in 2011 was not to be repeated in Venezuela.
Venezuela maintained constitutional continuity. Shortly after the strike, then Vice President Delcy Rodríguez was sworn in as acting president. Other top leaders—National Assembly President Jorge Rodríguez, Interior Minister Diosdado Cabello, and Defense Minister Vladimir Padrino López—remained in place and unified. The civic-military unity held fast.
Under intense US pressure, high-ranking militants have been replaced. Padrino, who was swapped for Gustavo González López, another committed Chavista, remains influential in his new cabinet position heading the critical agricultural ministry. In this whack-a-mole scenario, the major exception to the government’s strategy of yielding in form to US pressure but maintaining a Chavista essence is the new Vice Foreign Minister for North America and Europe, Oliver Blanco, who is from the opposition.
Another triumph is that a highly divided population did not erupt into civil conflict. Instead, the attack produced a rally-around-the-flag effect, with some moderate opposition figures showing a new openness to the ruling party.
Nor was Noble Prize winner and far-rightist María Corina Machado imposed as president. She had signaled that if she took power there would be a retaliatory bloodbath against Chavistas. Meanwhile, the US effectively abandoned the bogus claim that Maduro headed the Cartel de los Soles.
On March 7, Washington formally recognized the Venezuelan government led by Rodríguez, marking a reversal of its policy since 2019. Trump even informally referred to her as “president-elect,” though the return of Maduro from US imprisonment as the rightful chief remains Venezuela’s national priority. On April 27, the US modified sanctions to allow the Venezuelan government to pay Maduro’s defense lawyers.
Financial easing is proceeding. In the late 1990s-early 2000s, the US bought more than half of Venezuela’s oil exports. Oil sales have again resumed under a highly restructured and controlled system, while the US has also taken steps to shield Venezuelan state assets from creditor seizure. The Rodríguez government is in the process of regaining control of Citgo Petroleum, the “crown jewel” of Venezuela's foreign assets, which the US had seized.
What has been achieved is not a lifting of sanctions, but a controlled reentry into international finance under US licensing and oversight.
Washington has authorized transactions with Venezuela’s central bank and major state banks, reversing the 2019 measures that had effectively cut them off from the global financial system. This policy change allows dollar-denominated transactions and access to US financial channels.
For the first time in years, Venezuela’s core financial institutions can operate in international banking channels. What makes this significant is that it allows oil revenues from US transactions to enter the domestic economy. That in turn helps stabilize liquidity, reducing the need for monetary expansion that had fueled inflation.
On April 16, the International Monetary Fund (IMF) resumed engagement with Venezuela. Previously, the US-dominated IMF had cut Venezuela off from its $5-million “special drawing rights” (SDR). Rodríguez said she will only access its rightful SDR account to be used for social programs and not apply for loans.
Still, the core US sanctions framework remains in place, with most transactions subject to case-by-case authorization. Full unrestricted access to global capital markets has not been restored. What has been achieved is not a lifting of sanctions, but a controlled reentry into international finance under US licensing and oversight.
Gross Domestic Product (GDP) continues its consecutive 20-quarter expansion. New and long-considered legislative reforms for hydrocarbons and minerals encourage needed foreign investment vital for economic recovery. Although the changes involved some bitter pills, the rationale is that it is better to compromise than to keep these resources in the ground where they generate no income.
Rodríguez lauded a new amnesty law, creating a “new historical moment… of national reunification.” The long-polarized Venezuelan people yearn for domestic tranquility, according to Jesús Rodríguez-Espinoza, editor of the Caracas-based Orinoco Tribune.
Venezuela has so far escaped the severity of the economic strangulation that Cuba is now suffering or the military pummeling on the scale of Iran. The US-Israeli war in the Middle East may even be creating a temporary opening for Venezuela, as Trump needs the prospect of freely available Venezuelan oil to help calm jittery oil markets.
Trump may have also calculated that engagement with the Chavistas offered greater strategic benefits than assassination or a large-scale invasion, while using the kidnapping to placate domestic hawks pushing for full regime change. Significantly for US imperial objectives, Venezuela’s connections with other counter-hegemonic countries were curtailed.
Washington’s strategy since January 3 has focused on Venezuela’s stabilization and economic recovery. Their deferred third phase, “political transition,” is another word for regime change. Rodríguez has made clear that “free and fair” elections can be held only if the blackmail of US sanctions is removed. Thousands marched in a national “Pilgrimage for a Venezuela Without Sanctions and Peace.”
The kidnapping was a military success for the US. But politically Washington had no viable alternative to the Chavistas retaining power, given their strength, according to former Venezuelan Foreign Minister Jorge Areaza. The only other option for the invader was to face a Vietnam-style guerilla war. The Bolivarian Revolution has persisted and is still fighting. On balance, the glass is decisively more than half full.
President Donald Trump’s persistent boasts about tactical victories against Iran’ s military ignore the fundamental strategic fact that Trump has lost the Iran war.
When he declared war on Iran in violation of international law and the US Constitution, President Donald Trump announced several objectives. He claims to have won the war, but Iran is emerging as the long-term victor.
Let’s count the ways.
No one doubted the capacity of the US armed forces to decimate Iran’s far inferior military force. But to what end?
Israel Prime Minister Benjamin Netanyahu convinced Trump that launching the attack would prompt a popular uprising that would lead to the overthrow of Iran’s theocracy. Listening to Netanyahu’s assertion, CIA Director John Ratcliffe called it “farcical.” Secretary of State and National Security Adviser Marco Rubio translated that word into language Trump would understand, “In other words, it’s bullshit.”
Trump’s bluster isn’t working with Iranian leaders. His threats to commit war crimes dominate news cycles, but they merely reveal to Iran Trump’s desperation to extricate himself from the mess he created.
Trump chose to believe Netanyahu. Announcing the US-Israeli assault, Trump told Iranians that this was their opportunity to reclaim their country. To win the war on Trump’s terms, the Iranian theocracy needed only to survive.
The attack killed the Supreme Leader of Iran and top members of the government. But immediately, the serpent grew another head—the Supreme Leader’s son, Mojtaba Khamenei, who had lost his wife and teenage son in the bombing. The new leader is known for deep, long-standing ties to the Iranian Revolutionary Guard Corps (IRGC) security establishment. His appointment signaled a transition to a more heavily militarized, hard-line, and anti-Western regime.
Trump calls this “regime change.” By his definition, Admiral Karl Dönitz succeeding Adolf Hitler as head of the German state near the end of World War II constituted regime change too.
The Iran theocracy survived in an even more militant form.
Score: Iran 1, Trump 0
Trump boasted that the war would restrain Iran’s ability to project power:
“We are systematically dismantling the regime’s ability to threaten America or project power outside of their borders,” he said.
Trump then described the destruction of Iran’s navy, air force, missile facilities, and defense industrial base. Those were tactical successes, but the war itself has been a strategic failure.
Iran’s response included attacks on neighboring countries. Even more troubling, it discovered and deployed a powerful new weapon: blocking the Strait of Hormuz. Notwithstanding its decimated navy, Iran now has a choke hold on the global economy.
Netanyahu had assured Trump that the regime would be so weakened from the US-Israeli assault that it would be unable to block the waterway through which one-fifth of the world’s oil flowed. Chairman of the Joint Chiefs of Staff Dan Caine flagged the enormous difficulty of securing the strait and the risks of Iran blocking it. But Trump dismissed that possibility on the assumption that the regime would capitulate before that could happen.
With the price of oil skyrocketing, Trump has created a new problem for the entire world and powerful leverage for Iran.
Score: Iran 2, Trump 0
In his June 2025 attack on Iran, Trump claimed to have “obliterated” its nuclear facilities. Secretary of Defense Pete Hegseth went further, saying that not only were the facilities obliterated, but so too were Iran’s nuclear ambitions.
Subsequently, Trump took repeated victory laps over the mission:
In defending the launch of the war on February 28, 2026, Trump acknowledged that Iran’s nuclear program had not been obliterated after all. Rather, the country was now “right at the doorstep” of having a nuclear bomb. Trump has no strategy for solving that problem either.
Trump’s tactics—bombing—won’t work. Knowledgeable experts believe that a key Iranian nuclear facility is Pickaxe Mountain, where some of its uranium may be stored. That facility is so far below the ground that even America’s 30,000-pound bunker-buster bombs can’t reach its inner chamber.
Trump talks about “going in” and taking the nuclear material out. But a ground operation to retrieve the material or destroy the facility would entail tremendous risk to those attempting it while providing, at best, an uncertain outcome.
The threat of a nuclear Iran remains.
Score: Iran 3, Trump 0
Trump’s bluster isn’t working with Iranian leaders. His threats to commit war crimes dominate news cycles, but they merely reveal to Iran Trump’s desperation to extricate himself from the mess he created. As a negotiating strategy, it’s counterproductive.
Trump’s persistent boasts about tactical victories against Iran’ s military ignore the fundamental strategic fact that Trump has lost the Iran war. If a deal emerges from discussions between Iran’s experienced negotiators and Trump’s collection of amateurs, America and the world will pay a big price for a long time.
Cuba's Deputy Foreign Minister Carlos Fernandez de Cossio said he hoped the people of the United States would ask, "Why does our government treat the whole population of Cuba this way?"
More than 96,000 Cubans, including 11,000 children, are "waiting for surgery" due to a fuel shortage caused by the American blockade, the country's deputy foreign minister, Carlos Fernandez de Cossio, said on Sunday.
The numbers cited by the minister on NBC's "Meet the Press" on Sunday were first reported earlier this month by Cuban Minister of Public Health José Ángel Portal Miranda, who explained that President Donald Trump's policy of “energy asphyxiation," using tariffs to threaten countries out of importing fuel to Cuba, has devastated its National Health Service.
The policy has left Cuba unable to import oil from abroad for more than three months, reducing its fuel supply by about 90% and leading to periodic blackouts and strict energy rationing.
Using the severely limited electricity at its disposal, Cuba's health system has been forced to prioritize continuing cancer treatments and other lifesaving procedures, putting those awaiting non-urgent surgeries on the sidelines.
Last month, a specialist at a hospital in Holguín told Diario de Cuba that the surgeries canceled included "uncomplicated hernias, cataract surgeries, some non-urgent gynecological procedures, and scheduled orthopedic surgeries."
Other healthcare professionals said that nobody was being admitted to the hospital for tests and that it was running low on basic supplies like syringes, IV tubing, and antibiotics, which could not be delivered due to fuel shortages. Most of those that have been used had to be donated by family members or purchased for exorbitant prices on the black market.
Jorge Barrera, a reporter for CBC News, spoke with patients and employees at Havana’s National Institute of Cardiology and Cardiovascular Surgery this weekend and found it to be at about half capacity, and that nonessential care has been virtually all suspended.
"Even though the health system is a point of pride for Cuba... something that they export to the rest of the world," Barrera explained, "because of this crisis, because of the impact it's had on the skyrocketing prices, it's just not enough for them to make ends meet. So people are quitting... to find other ways to make money to feed their families."
Experts with the United Nations have condemned the blockade of Cuba as "a serious violation of international law." Condemnations have grown louder over the past week as Trump said he believed he'd have "the honor of taking Cuba" after it collapsed.
De Cossio said he hoped the people of the United States would ask "Why does our government treat the whole population of Cuba this way?" and that they'd "understand that it's not correct to treat another nation the way the US is doing simply to try to achieve political goals."
The US blockade of Cuba is largely unpopular with the American public. A poll published last week by YouGov found that just 28% of adult US citizens said they approved of the US blocking oil shipments to the country, while 46% said they opposed it.
Asked by anchor Kristen Welker about suggestions from Trump that Cuba would collapse "on its own" without the need for the US to intervene militarily, De Cossio retorted, "What does 'on its own' mean when it’s being forced by the United States?"
Prior to Trump's further measures to isolate Cuba in January, the US had placed Cuba under an economic embargo for more than 60 years, which severely hampered the country's economic development and has cost Cuba trillions of dollars since it began, according to the UN.
"It’s a very bizarre statement, and it’s claimed by most US politicians repeatedly that Cuba will collapse on its own," De Cossio said. "Then why does the US government need to employ so many resources, so much political capital, so many human resources to try to destroy the economy of another country? Evidently, it implies that the country does not have the characteristics to collapse on its own."