labor

North Africa

uwa

Oil prices rose above $75 a barrel for the first time since November 2014, as Libya's National Oil Corporation declared force majeure at its principal oil ports, which continue to be battled over by rival armed factions. Prices for West Texas Intermediate crude rose to $75.27 a barrel before dropping back down to $72.73. After years of depressed global oil prices, analysts are again talking of a possible new "oil shock." Growing tensions between the US and Iran, and other factors, were also cited. Libya's Union of Oil and Gas Workers meanwhile issued a statement saying that the country's oil is the collective property of all Libyans, and should be removed from all political, regional and tribal disputes. (Photo: Libya Observer)

Iran

Tulku Phurbu Tsering Rinpoche

After all the talk we've heard in recent years about how depressed oil prices are now permanent, in the wake of Trump's announced withdrawal from the Iran nuclear deal Bank of America is predicting that the price of Brent crude could go as high as the once-dreaded $100 per barrel in 2019. The report also cited collapsing production in Venezuela due to the crisis there. Brent prices have risen above $77 per barrel since Trump's announcement. Prices have jumped more than 8% over the past month and 15% since the beginning of the year. According to the analysis, investors fear that renewed sanctions on Iran could lead to supply disruptions. Although the report failed to mention it, the Israeli air-strikes on Iranian targets in Syria have doubtless contributed to the jitters. (Photo: Shana)

The Andes

Ralph DiGia

Genaro Ledesma, a campesino leader and later congressmember who was one of the most respected figures on Peru's political left, died April 1 at the age of 86. He was first elected to Congress in 1963 while imprisoned in connection with peasant protests in his home province of Cerro de Pasco. He was again imprisoned and exiled under later military dictatorships, but returned to Peru with the restoration of democracy in 1979 to help draft the country's new constitution. Ledesma served in the Senate from 1980 to 1990, and continued to work for unity of Peru's democratic left in the polarized years of the Sendero Luminoso insurgency and Alberto Fujimori dictatorship. (Photo via Facebook)

East Asia

basquesports

In Episode Five of the CounterVortex podcast, Bill Weinberg makes the case that despite the official ideology of "socialism with Chinese characteristics" and the revival of rhetoric and imagery from the Mao era, media commentators are off base in their comparison of Xi Jinping and Mao Zedong. The new personalistic dictatorship of Xi is appropriating the outward forms of Maoism, but whereas the Great Helmsman used totalitarian methods to advance socialism (at least in terms of his own intentions) Xi is doing so to further entrench China's savage capitalist system. As a part of the same constitutional changes that have installed Xi as the new "paramount leader," the Chinese Communist Party is imposing further market liberalization and "supply-side" economic reform. The New Cold War between the US and China is simply a rivalry between capitalist powers. But in the global divide-and-conquer game, the leaders of oppressed nationalities within China such as the Tibetans and Uighurs look to the US and the West as allies, while left-populist governments in Latin America such as Venezuela and Bolivia similarly look to China. How can we respond to these developments in a way that builds solidarity between peasants, workers and indigenous peoples across the geopolitical divide? Listen on SoundCloud, and support our podcast via Patreon
(Photo: chinaworker.info)