On Oct. 9, hours after a phone call between Trump and Putin, the Treasury Department issued a six-month waiver allowing Russian diesel to be sold on the global market, with the stated aim of lowering fuel prices before the Nov. 3 midterms. The author argues this is part of a broader strategy for the U.S. to control much of the world’s energy supply while denying it to China, pointing to Washington’s effective control of Venezuela’s oil exports after Maduro’s capture and the closure of the Strait of Hormuz. The author reads a possible U.S. investor role in the Nord Stream pipelines, discussed by Washington and Moscow, as a way to let Europe resume buying Russian gas, and likens the approach to Nixon’s opening to China run in reverse: pulling Russia away from China. The author expects Washington to press Kyiv by cutting military and intelligence aid, and warns of higher energy prices and inflation as costs.
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Original headline: Trump Reverse Nixon Strategy : Bring Russia In , Shut China Out
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