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...message seems to be getting across. The French energy giant Total recently failed to bid on a major block in Iran's South Pars field - the world's biggest natural gas field - after spending years eyeing the business. Like other energy companies, it calculated that its Iran business was becoming a problem it could live without...

Author: /time Magazine | Title: How Badly Would Sanctions on Gas Imports Hurt Iran? | 9/30/2009 | See Source »

Brazil may be justifiably annoyed with Chávez, but perhaps it shouldn't look so surprised. In recent years the South American powerhouse has been recognized as the first real counterweight to the U.S. in the western hemisphere - and that means, at least in the minds of other countries in the Americas, taking a larger and more proactive part in helping solve New World political dysfunction like Honduras'. Lula and Obama are buddies and left-of-center soul mates, but when Obama said last month that those who question his resolve in Honduras were being hypocritical because they...

Author: /time Magazine | Title: Brazil Reluctantly Takes Key Role in Honduras Dispute | 9/30/2009 | See Source »

Brazil is hardly an idle player in Latin America. In fact, its diplomatic corps (usually called Itamaraty, after the name of the Foreign Ministry's Modernist building in Brasília) is widely considered one of the world's best, and it has played a key role in defusing South American crises like last year's chest-thumping row between Colombia and Venezuela. Brazilian troops run the U.N. mission in violence-torn Haiti. And Lula, one of the world's most popular heads of state, has become arguably the most effective intermediary between Washington and a resurgent, anti...

Author: /time Magazine | Title: Brazil Reluctantly Takes Key Role in Honduras Dispute | 9/30/2009 | See Source »

Even so, says Shifter, Brazil and the U.S. are likely to demarcate their hemispheric efforts when the Honduran crisis is over: Brazil focused on South America, where Washington's performance seems increasingly ham-handed, and the U.S. on Mexico, Central America and the Caribbean, where Brazil has scant interests. For the moment, however, both powers are mired in the streets of Tegucigalpa...

Author: /time Magazine | Title: Brazil Reluctantly Takes Key Role in Honduras Dispute | 9/30/2009 | See Source »

...page report, the investigators say Georgia fired the first shots in the August 2008 conflict when it launched an attack on the breakaway region of South Ossetia, which the team deemed "unjustifiable" under international law. But the report, which was sponsored by the European Union, says the attack followed months of Russian provocation, including a heavy military buildup in the region and increased support for separatist movements in both South Ossetia and Abkhazia, another breakaway region of Georgia. (See pictures of the war in Georgia...

Author: /time Magazine | Title: Both Sides to Blame for the Georgia-Russia War | 9/30/2009 | See Source »

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