Lula Warns A U.S.–Venezuela Clash Could Ignite A New Hemispheric Crisis

Key Points Washington is squeezing Venezuela’s oil trade, increasing the risk of confrontation at sea. Brazil and Mexico are pushing de-escalation as neighbors pressure Caracas on detentions. Any sustained export hit could tighten supply and lift global oil prices. Brazil’s President Luiz Inácio Lula da Silva says a U.S. armed intervention in Venezuela would be […]