Venezuela

Business, Finance & Economics

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

The price of a barrel of oil has fallen to its lowest level in more than half a decade — and it's still falling. That's put a major dent in the economies of some of the world's largest oil producers, like Iran and Russia. But in the US, it's cause for celebration, as falling oil prices are translating into plummeting prices at the pump.

Global Politics

Chavez calls for hostage release

Lisa Mullins speaks with the BBC's James Ingham in Caracas about Venezuelan President Hugo Chavez's surprise call for Colombia's FARC rebels to release all their hostages and seek a negotiated settlement with the Colombian government.