Juan Velasco Alvarado hardware. Relations between the United States and Peru were tense and even hostile, as soon as General Velasco and his junta took power. Just five days after Velasco seized power in 1968, the General began the nationalization of the Peruvian Economy with the expropriation and nationalization of the American International Petroleum Company (IPC) oil fields located in the northern Peruvian oil port and refinery of Talara, Piura, near the Peruvian border with Ecuador, Piura, being the region where Velasco was born. IPC was a subsidiary of Standard Oil, and although the claims over the IPC were ultimately resolved in negotiations
Juan Orlando Hernández Juan Orlando Hernández Juan Orlando Hernández Alvarado (), often written as JOH (born 28 October 1968), is a former businessman and the fifty-fifth and current president of Honduras, who assumed office on January 27, 2014, after winning the 2013 Honduran presidential election. He began his second presidential term on January 27, 2018. He is a member of the conservative National Party of Honduras. Hernández was the president of the National Congress of Honduras between January 2010 and June 2013, when he was given permission by the Congress to absent himself from all responsibilities in the Congress to dedicate himself to