Foreign Policy · 289 posts
Lede Brief 2h ago

Cuba Announces Full Depletion of Oil and Diesel Reserves

Cuban officials announced the country has exhausted its oil and diesel supplies amid a deepening humanitarian crisis and increasing pressure from the Trump administration, which has threatened potential military action if Cuba does not change its government on U.S. terms, according to The Hill.

The crisis unfolds against a backdrop of decades-old U.S. sanctions rooted in Cold War tensions, which have significantly constrained Cuba's access to international energy markets.

Brief 5h ago

White House Lets Russia Oil Waiver Expire Amid Iran War

The Trump administration allowed a waiver designed to encourage Russian crude sales to lapse, tightening global oil supply at a moment when the Iran war is already raising concerns about fuel costs, according to Bloomberg Politics. The decision comes as U.S. gasoline prices face upward pressure from Middle East supply uncertainty, with the expiring waiver removing one mechanism that had offset some of that tightness.

Source: Bloomberg Politics EconomyForeignPolicyIran
Brief 5h ago

NATO Allies Report 50 Percent Rise in Defense Equipment Costs

Defense equipment prices across Europe have climbed more than 50 percent over the past two years as NATO member states accelerate military spending, according to Bloomberg Politics. Said Estonian Defense Minister Hanno Pevkur: "European nations are seeing higher prices for defense supplies that have climbed in some cases by more than 50% in the last two years."

Source: Bloomberg Politics ForeignPolicyNATOUkraine
Brief 6h ago

Putin Schedules Beijing Visit Days After Trump Left China

Russian President Vladimir Putin will travel to Beijing on May 19–20 for a two-day summit with Chinese leader Xi Jinping, according to CBS News. Said former U.S. Trade Representative negotiator Wendy Cutler: "So far, it doesn't seem like Trump and his team have a lot to show for the visit" — a reference to Trump's own China summit, which concluded less than 24 hours before the Kremlin announced Putin's trip.

Source: CBS News Politics ForeignPolicyChinaRussia
Brief 7h ago

Trump Raises Jimmy Lai Case With Xi at Summit

President Trump mentioned imprisoned Hong Kong media owner Jimmy Lai during his summit with Chinese President Xi Jinping, according to The Hill. Said Lai's daughter Claire: "We don't know the details of the conversation" between the two leaders, but she praised Trump for raising her father's case.

Brief 7h ago

Waltz Says Trump Told Xi Taiwan Status Quo Stands

U.S. Ambassador to the United Nations Mike Waltz said President Trump communicated directly to Chinese President Xi Jinping that Washington intends to maintain the Taiwan status quo, including a planned arms sale to the island, according to The Hill. Said Waltz: "I think the president was quite clear that it is going to be status quo going forward."

Source: The Hill ForeignPolicyChinaTaiwan
Numbers of the Day 8h ago
500+
Dow points lost Friday, May 16, 2026

Markets priced in what Trump's rhetoric obscured: the Beijing summit produced no enforceable agreement. Said Trump: the summit was a "success" — investors disagreed by close of trading. The strategic read is straightforward. When a president claims a win and markets move 500 points in the opposite direction the same day, the market is the receipts. Xi got a photo op and U.S. credibility spent; American exporters got nothing locked in.

Source: NBC News Politics EconomyChinaForeignPolicy
Brief 8h ago

Trump Returns from Beijing Summit Without Formal Agreements

President Trump returned to Washington after a two-day summit with Chinese President Xi Jinping that covered trade, Taiwan, and Iran but produced no formal agreements, according to NBC News. Said Trump at a state banquet: the two countries share a "deep sense of mutual respect" — though markets fell in the days following the talks, and Secretary of State Rubio told reporters U.S. policy on Taiwan remains "unchanged."

Source: NBC News Politics ChinaForeignPolicyIran
Brief 8h ago

Trump and Xi Hold Summit Amid US-China Bilateral Reset

President Trump met with Chinese President Xi Jinping, with CIA Director John Ratcliffe among the senior officials involved in related discussions, according to RealClearPolitics. Matthew Spalding, author of "The Making of the American Mind," joined analysts assessing the summit's implications for the bilateral relationship.

Source: RealClearPolitics ForeignPolicyChina