Trump Venezuela Oil Deal, US & Iran Renew Strikes, House Back From Recess

The United States has entered a joint venture with a private company in Venezuela to secure access to 55% of the country's oil output, a move that prioritizes resource acquisition over the previous democratic transition strategy. Simultaneously, tensions in the Strait of Hormuz have escalated as the U.S. and Iran resumed military strikes, with Iran retaliating against American bases in Jordan and the UAE following U.S. efforts to clear sea mines. Amidst these international developments, the U.S. House of Representatives faces a critical week to pass a stopgap funding bill to prevent a government shutdown before the midterm elections. Republicans struggle to craft a compelling campaign message as they navigate high inflation, an unpopular president, and internal ethics scandals, while structural redistricting advantages provide only a narrow cushion for maintaining their legislative majority.