{
  "id": 4070420,
  "title": "Trump announces ‘biggest oil deal in history’ giving US majority control of 65 billion barrels of Venezuelan reserves",
  "url": "https://urgent.news/2026/08/29/trump-announces-biggest-oil-deal-in-history-giving-us-majority",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T00:20:32.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/us-news/trump-announces-biggest-oil-deal-in-history-giving-us-majority-control-of-65-billion-barrels-of-venezuelan-reserves-11787962127605.html"
  },
  "original_language": "en",
  "account": "President Donald Trump announced what he called the \"biggest oil deal in history\" with Venezuela, a deal that will grant the United States majority control over 65 billion barrels of the South American nation's proven crude oil reserves. The agreement, formalized at the direction of Trump, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, will be carried out in partnership with interim President Delcy Rodriguez and private business interests. This monumental transaction will more than double the total oil reserves of the United States, significantly boosting the country's oil supply and the potential for lowering domestic gasoline prices, according to Trump. The deal is expected to provide a substantial economic boost to Venezuela, helping the nation recover and prosper. Trump's announcement emphasized the strengthening of the already improving relationship between the two nations, signaling a new era of collaboration and prosperity.",
  "summary": "Donald Trump announced that the US has secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves in what he calls the ‘biggest oil deal in history.’ He says the agreement will double US reserves, lower domestic gas prices, and boost Venezuela’s economy.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves",
        "url": "https://urgent.news/2026/08/28/amid-high-gas-prices-and-shrinking-crude-stockpile-trump-says-u-s-to",
        "published": "2026-08-28T23:29:31.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Trump says US to take control of 65bn barrels of Venezuelan oil",
        "url": "https://urgent.news/2026/08/29/trump-says-us-to-take-control-of-65bn-barrels-of-venezuelan-oil",
        "published": "2026-08-29T00:36:22.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "US-Venezuela oil deal: Trump announces agreement over 65 billion barrels of reserves",
        "url": "https://urgent.news/2026/08/29/us-venezuela-oil-deal-trump-announces-agreement-over-65-billion",
        "published": "2026-08-29T01:05:14.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Trump says US is taking partial control of Venezuela’s vast oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-says-us-is-taking-partial-control-of-venezuelas-vast-oil",
        "published": "2026-08-29T01:05:15.000Z"
      },
      {
        "outlet": "ABC News (US)",
        "title": "Trump announces 'historic' US-Venezuela oil deal that he says will lower gas prices",
        "url": "https://urgent.news/2026/08/29/trump-announces-historic-us-venezuela-oil-deal-that-he-says-will",
        "published": "2026-08-29T01:32:13.000Z"
      },
      {
        "outlet": "Kyiv Post",
        "title": "Trump Says US Secures Majority Control of 65 Billion Barrels of Venezuelan Oil",
        "url": "https://urgent.news/2026/08/29/trump-says-us-secures-majority-control-of-65-billion-barrels-of",
        "published": "2026-08-29T02:05:43.000Z"
      },
      {
        "outlet": "NPR",
        "title": "Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-says-u-s-has-entered-deal-with-venezuela-to-take-control-of-65",
        "published": "2026-08-29T02:07:55.000Z"
      }
    ]
  },
  "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."
}