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

Venezuela's election controversy

Hundreds of opposition candidates have been barred from running in Venezuela's local elections this November, and analysts say the move shows that the government of President Hugo Chavez is worried he's losing support at the local level