The bitter competition between the Trump administration and Vladimir Putin’s Russia may be the most underreported geopolitical news story of our time. While many American Democrats remain firmly convinced that President Trump is in Mr. Putin’s pocket, the Kremlin has embraced a costly and risky strategy aimed at undercutting what it sees as a dangerous growth of U.S. power. In recent weeks, the struggle has grown more intense as Russia has sacrificed longtime allies Venezuela and Iran in a no-holds-barred attempt to counter the Trump administration’s efforts to reshape world energy markets and undercut Moscow’s power.

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