World Business Report - US oil stocks jump

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Markets give their verdict on America's dramatic military intervention in Venezuela. Shares of US oil giants like Chevron and Exxon Mobil are soaring... after President Trump suggested they can play a lead role in restoring Venezuela’s oil industry

But there's been criticism from China and Iran - traditional allies of Venezuela - and from Spain, which is home to an estimated 600,000 Venezuelans many who have fled the economic troubles in their home country.

We speak to a former US ambassador to Venezuela, Patrick Duddy

And – you may have heard of South Korea’s K-Pop phenomenon…we look at how K-Beauty is now taking centre stage.

Presenter - Leanna Byrne
Senior Producer - Craig Henderson

Published on Monday, 5th January 2026.

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