This is CBS Eye on the World.

Here's John Batchelor.

The New World Report with Professor Evan Ellis of the U.S. Army War College, Strategic Studies Institute,

and the Americas begin with the top story. Trump axes Chevron's Venezuela oil

license, writes Reuters, citing lack of electoral reforms. Note here, Trump says Venezuela not

making migrants, taking back migrants fast enough. Trump cites Venezuela's electoral conditions.

That would be the corrupt election of last year.

The oil agreement was a concession granted to Chevron.

U.S. oil licenses boosted Venezuela's economy while they lasted.

Evan, a very good evening to you.

Thank you for this.

We've been waiting for a Venezuela policy from the second Trump term.

This is not a surprise, but in any event, what does it mean for Venezuela?

What does it mean for the region?

A very good evening to you, Professor.

Good evening to you, John. Well, first of all, I think it mean for the region? A very good evening to you, Professor. Good evening to, John.

Well, first of all, I think it illustrates just the, the changeability of President Trump's policy and the different inputs by people into that policy. As you recall, there was some belief

and at least some hopes by the Venezuelan opposition that when President Trump came in, that among other things, the general license GL-41 that was given to Chevron to continuing pumping oil, that had been a considerable boon to President Maduro would be rescinded.

However, after the diplomacy by President Trump's special envoy,

Rick Grinnell, that secured the release of the six hostages of the Venezuelan governments

had taken American citizens, there appeared to be a bit of a quid pro quo. It looked like

Chevron would be allowed to continue its license,

...