Energy

The world is on the cusp of a geopolitical reset. The global pandemic could well undermine international institutions, reinforce nationalism and spur de-globalization. But far-sighted leadership could also rekindle cooperation, glimmers of which appeared in the G-20’s offer of debt relief for some of the world’s poorest countries, a joint plea from more than 200 former national leaders for a more coordinated pandemic response and an unprecedented multinational pact to arrest the crash in oil markets.  

One of the most dramatic consequences of killing Iranian Quds Force commander Qasem Soleimani is unfolding at a rapid pace: the severing of ties between the United States and Iraq. There is still time to salvage this most critical relationship, but doing so will depend on the willingness and ability of the Trump administration to change the tone of the conversation in very short order. The current U.S. approach—calling for sanctions against Iraq if it demands the exit of American forces—risks unnecessarily creating an enemy out of a friend.

The move of President Donald Trump to visit Baghdad on Wednesday is a small, good one, amid a week of calamitous decisions. The press will understandably highlight the time that Trump spends with U.S. troops. Yet a key objective of the trip will have been to shore up the new Iraqi government's confidence in the U.S., as Iraqi officials must be high on the list of those shocked by the president’s recent decisions to rapidly withdraw U.S. forces from Syria and Afghanistan. Perhaps the president has realized that his administration has some hard work to do if there is any hope of keeping his latest determinations from dramatically strengthening Iran.