play videoplay videoVideo Duration 28 minutes 00 seconds play-arrow28:00Caracas says it is opening up the sector to private players.Read moreIt all started with a direct US attack on Venezuela earlier this month.Back then, US President Donald Trump made it clear that he was only interested in the countrys substantial oil reserves.On Thursday, the government in Caracas announced a massive overhaul of the petroleum sector.Venezuelas interim president has signed a law easing state control and opening the door for private firms to invest in the country.For many, it paves the way for US oil giants to return to Venezuela with significant investments.But who will stand to gain from the changes, Venezuela or the United States? Or both?Presenter: Adrian FinighanGuestsElias Ferrer founder and director of Orinoco ResearchAndrew Lipow president of Lipow Oil AssociatesPhil Gunson senior analyst at the International Crisis GroupPublished On 31 Jan 202631 Jan 2026Click here to share on social mediashare2SharefacebooktwitterwhatsappcopylinkSave
Two explosions reported in Iran - as Israel denies involvement At least five people are understood to have been killed in two separate blasts across the country. Saturday 31 January 2026 17:49, UK Image: The explosion was reported in Bandar Abbas, Iran. Pic: Fars news agency Why you can trust Sky News Two explosions have been reported in Iran as the regime denied a military leader was targeted, amid heightened tension in the region.One blast happe
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