{
  "id": 4054596,
  "title": "Trump says U.S. now has control over 65 billion barrels of Venezuelan oil reserves",
  "url": "https://urgent.news/2026/08/28/trump-says-u-s-now-has-control-over-65-billion-barrels-of-venezuelan",
  "topic": "world",
  "section": "World",
  "published": "2026-08-28T23:27:52.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/trump-venezuela-oil-u-s-majority-control-65-billion-barrels/"
  },
  "original_language": "en",
  "account": "President Trump announced a significant deal on Friday, granting the United States majority control of over 65 billion barrels of Venezuela's proven oil reserves. This arrangement is part of the administration's strategy to encourage oil companies to return to the country following a U.S. military operation that replaced Venezuela's leadership earlier this year. The details of the deal, such as which oil fields are involved and which entities will handle drilling, have not yet been disclosed by the administration. Trump emphasized that the deal was made without any cost to American taxpayers and was reached through a partnership with private businesses. He stated that this transaction more than doubles American oil reserves, significantly increases the country's oil supply, and promises to lower gas prices for all Americans in the long run. This move also aims to support Venezuela's journey towards great prosperity. According to Secretary of State Marco Rubio, the deal is expected to bring in nearly $100 billion in private investment, create thousands of high-paying jobs, and help reconstruct Venezuela's economy. Venezuela is estimated to have over 300 billion barrels of proven oil reserves. This is a rapidly developing story, and updates are expected.",
  "summary": "President Trump announced a deal to grant the U.S. control of over 65 billion barrels of proven Venezuelan oil reserves — as the Trump administration angles to get oil companies to return to the country.",
  "key_points": [
    "U.S. gains control of 65 billion barrels of Venezuelan oil reserves",
    "Deal aims to encourage oil companies to return to Venezuela",
    "Transaction expected to bring $100 billion in private investment"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "CBC News",
        "title": "Trump says U.S. makes deal to control 65 billion barrels of Venezuelan oil reserves",
        "url": "https://urgent.news/2026/08/28/trump-says-u-s-makes-deal-to-control-65-billion-barrels-of-venezuelan",
        "published": "2026-08-28T23:31:03.000Z"
      },
      {
        "outlet": "Le Monde English",
        "title": "Trump announces deal for huge US stake in Venezuelan oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-announces-deal-for-huge-us-stake-in-venezuelan-oil-reserves",
        "published": "2026-08-29T00:05:36.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Trump announces US control over 65bil barrels in Venezuelan oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-announces-us-control-over-65bil-barrels-in-venezuelan-oil",
        "published": "2026-08-29T00:13:00.000Z"
      },
      {
        "outlet": "RTE News",
        "title": "US secures huge stake in Venezuelan oil reserves - Trump",
        "url": "https://urgent.news/2026/08/29/us-secures-huge-stake-in-venezuelan-oil-reserves-trump",
        "published": "2026-08-29T00:20:15.000Z"
      },
      {
        "outlet": "Bangkok Post Business",
        "title": "Trump announces deal for huge US stake in Venezuelan oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-announces-deal-for-huge-us-stake-in-venezuelan-oil-reserves-4077657",
        "published": "2026-08-29T00:45:00.000Z"
      },
      {
        "outlet": "Buenos Aires Times",
        "title": "Trump announces deal for huge US stake in Venezuelan oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-announces-deal-for-huge-us-stake-in-venezuelan-oil-reserves-4075232",
        "published": "2026-08-29T00:57:47.000Z"
      },
      {
        "outlet": "Toronto Sun",
        "title": "Trump secures vast, potentially costly, U.S. stake in Venezuelan oil industry",
        "url": "https://urgent.news/2026/08/29/trump-secures-vast-potentially-costly-u-s-stake-in-venezuelan-oil",
        "published": "2026-08-29T01:05:08.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "‘Biggest oil deal in world history’: Trump says US to take partial control of 65 billion barrels of Venezuelan oil",
        "url": "https://urgent.news/2026/08/29/biggest-oil-deal-in-world-history-trump-says-us-to-take-partial",
        "published": "2026-08-29T01:12:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}