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...billion bbl. In January of this year, China's biggest energy producer, CNPC, agreed to develop a medium-size oil field called North Azadegan - a deal worth about $2 billion. And last month, while demonstrators were fighting pitched battles with paramilitaries on Tehran's streets, Iranian oil officials flew to Beijing to negotiate a $5 billion deal with CNPC for the newest phase of Iran's huge South Pars gas field in the Persian Gulf. Pummeled by the drop in world oil prices from $147 per bbl. last July to about $64 per bbl. this week, "Iranians are feeling more...

Author: /time Magazine | Title: How Iran Might Beat Future Sanctions: The China Card | 7/16/2009 | See Source »

...left-wing allies, like Venezuelan President Hugo Chávez, who recently won a referendum that allows indefinite re-election. When Zelaya last month defied a Supreme Court ban against a nonbinding plebiscite he'd called on constitutional change, the army whisked him away in his pajamas and flew him to forced exile in Costa Rica. (See pictures of the Honduras coup on LIFE.com...

Author: /time Magazine | Title: Clinton Pushes Honduran Foes to Negotiations | 7/8/2009 | See Source »

...dead in the city of Urumqi, the Chinese government is still struggling to bring calm and order to the Xinjiang capital. On July 8, Communist Party leader Li Zhi announced that the government would seek the death penalty for anyone found responsible for the killings as President Hu Jintao flew home from Italy, cutting short his visit to the G-8 summit. While the city hasn't seen a return to fighting on the scale it witnessed on July 5, scattered outbursts are stoking fears that violence could erupt again, and tensions on all sides of the conflict are still...

Author: /time Magazine | Title: Tensions Remain As Chinese Troops Take Control in Urumqi | 7/8/2009 | See Source »

...return home anyway, along with several other Latin American Presidents who have condemned the coup. Micheletti retorted that their plane would not be allowed to land. And then in the final and fatal exchange, Zelaya sent his supporters in the capital to peacefully take over the airport, and brashly flew into Honduran airspace...

Author: /time Magazine | Title: Police Open Fire on Protesters in Honduras | 7/6/2009 | See Source »

...Adding to the drama, Zelaya gave a live interview with Latin American network Telesur as he flew over the scene, making comments that veered from the impassioned to the reckless. "What we see is a return of the right in Latin America - a more reactionary right, more prone to killing, more fascist than in the past," he said of the shooting. "I'm doing everything I can. If I had a parachute, I would immediately jump out of this plane." Afterward, stranded in El Salvador, he promised to continue his struggle but did not reveal what his next move would...

Author: /time Magazine | Title: Police Open Fire on Protesters in Honduras | 7/6/2009 | See Source »

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