The government of Venezuela, under growing pressure from US sanctions, is telling oil traders that it will no longer receive or send payments in dollars, Dow Jones reported Sept. 13. Oil traders who export Venezuelan crude or import oil products into the country have begun converting their invoices to euros. The state oil company Petróleos de Venezuela SA (PdVSA), has instructed its private joint venture partners to convert existing cash holdings into euros. Plugging the switch, Venezuela-based state media outlet TeleSur writes: "The petrodollar is more important for US global domination than either arms exports or Hollywood culture, because it allows the US to be the biggest exporter of the dollar bills the rest of the world needs to be able to buy oil. Venezuela has decided to start de-dollarizing its economy."

Japan's northernmost main island of Hokkaido seems, unfortunately, poised to jump into the headlines as East Asia's next flashpoint for Great Power confrontation. When North Korea fired a missile over Japan last month, it was this northern island that the rocket passed over. Buried deep in the New York Times account of the incident is the fact that in addition to the routine annual US-South Korean military exercises then underway along the DMZ, "The United States has also been conducting joint exercises with Japanese forces for the past two weeks." And specifically (the Times didn't note) on Hokkaido. The Diplomat informs us that the exercises were dubbed Northern Viper and involved Japan Self-Defense Forces troops and US Marines operating out of Misawa Air Base, the northernmost US base in Japan, just across Tsugaru Strait from Hokkaido on the northern tip of Honshu. The USMC boasts that the exercises were unprecedented, marking the first joint US-Japanese maneuvers on Hokkaido.

With North Korea's apparent testing of its first (or perhaps second) hydrogen bomb yesterday, the White House is again warning of a "massive military response." Last week, North Korea for the first time fired a missile over Japanese land territory, specifically the northern island of Hokkaido, and last month for the first time tested an apparent intercontinental ballistic missile. (NYT, NYT, AP) Pyongyang's threat to launch missiles toward Guam put the unincorporated US island territory briefly in the news—although the actual threat was to fire into waters some 40 kilometers off Guam. (AP) Pyongyang has threatened to strike Guam before, but now looks as if it may be developing the capability to make good on its threat. Amid all the hype, just a few stories have made note of how Guamians themselves are reacting to all this. And growing sentiment on the island holds that the only thing they are getting out of their current US territorial status is being made a nuclear target.

Panama announced June 13 that it is breaking its long-standing diplomatic ties with Taiwan in favor of establishing relations with China—a clear political coup for Beijing. The Panamanian statement said it recognized "only one China" and considers Taiwan to be part of it. The change was spurred by an unavoidable fact: China is the second most important Panama Canal user after the United States. Last year it sent 38 million metric tons of cargo through the interoceanic waterway, accounting for 19% of its traffic. The announcement of the diplomatic switch also comes just as Chinese enterprises began building a container port, with natural gas terminals, in Panama's Colón province, on the Atlantic side of the canal. "I think Dominican Republic and Nicaragua will soon follow," Mexico's former ambassador to China, Jorge Guajardo, tweeted soon after the announcement.

Protesters clashed with police in South Korea's rural Seongju county as US forces began installing the Terminal High-Altitude Area Defense (THAAD) anti-missile system April 27. Local residents attempted to block roads to impede the military trucks bringing in components for the system, with signs reading "No THAAD, No War" and "Hey, US! Are you friends or occupying troops?"  The US and South Korean governments are hurrying to have the THAAD operational before presidential election on May 9, as candidates still dispute the controversial deployment. The installation began in an unannounced operation in the early morning hours. Some 8,000 police troops were deployed to clear roads as the equipment was moved to Seongju, in North Gyeongsang province. It is now revealed that the components had been quietly shipped to Busan last month and kept in storage until now. They include a high-powered radar that will be used to track incoming missiles. (Chosun Ilbo, TeleSur)

This week's unnerving incident in which US jets intercepted two Russian bombers off the coast of Alaska leaves us wondering how to read events. Russia sent the two "nuclear-capable" bombers to within 100 miles of Kodiak Island April 17, prompting the US to scramble two F-22 stealth fighter jets from Elmendorf Air Force Base. The US and Russian craft were side-by-side for a full 12 minutes, until they crossed out of the US Air Defense Identification Zone (ADIZ). (The Telegraph, April 18) This came as ExxonMobil was seeking a waiver from US sanctions against Russia to move ahead with its Black Sea venture with Rosneft. The decision rested with the Treasury Department's Office of Foreign Assets Control (OFAC), while Secretary of State (and ex-Exxon CEO) Rex Tillerson is officially recusing himself from any matters involving the company for two years. Still, it is counterintuitive (at least) that OFAC turned down the waiver April 21. (NYT, April 21; Fox Business, April 19)

As the US moves ahead with its plans to deploy the Terminal High Altitude Area Defense (THAAD) anti-missile system in South Korea, local farmers have launched a protest campaign and lawsuit to halt the installation. Under a land swap deal, South Korean conglomerate Lotte Group is to turn over its golf course in southeastern Seongju county to US Forces Korea (USFK) for installation of the weapon system. In return, the company will receive a parcel of military-owned ground near Seoul. Since the deal was announced in July, local farmers in Seongju and neighboring Gimcheon county have been holding daily protests against the deployment. Fearing that the installation will make the area a potential nuclear target, and that the site's radar system will affect their melon fields, they have been rallying each day outside the site, with signs reading "Bring peace to this land!" and "No THAAD deployment!" With deployment imminent, the farmers have brought a lawsuit, accusing the Defense Ministry of bypassing legally-required procedures, including prior agreement with local communities and an environmental impact assessment. They are also threatening to blockade roads to bar entry of military forces. The area has been flooded with soldiers and riot police, and the deployment site sealed off with barbed wire. (Zoom In Korea, Yonhap, AFP, NPR)

The Philippines' ultra-hardline President Rodrigo Duterte on Dec. 3 said that US president-elect Donald Trump has endorsed his bloody anti-drug crackdown—which has claimed an estimated 3,000 lives since he took office in June. A statement release by Duterte's office, the president said: "He understood the way we are handling it and I said that there's nothing wrong in protecting a country." He called the conversation "very encouraging, in the sense that I supposed that what he really wanted to say was that we would be the last to interfere in the affairs of your own country... He wishes me well...in my campaign, and said that...we are doing it as a sovereign nation, the right way." The statement added that Trump was "quite sensitive...to our worry about drugs."