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 tries again to lift term limits

On Sunday, Venezuelans vote on whether to abolish term limits. That could allow President Hugo Chavez to run again in 2012. Chavez's last attempt to get rid of term limits failed. Anchor Marco Werman speaks with The Wall Street Journal's John Lyons in Caracas.