{
  "id": 4079260,
  "title": "Trump Announces \"Biggest Oil Deal In World History\" With Venezuela",
  "url": "https://urgent.news/2026/08/29/trump-announces-biggest-oil-deal-in-world-history-with-venezuela",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T01:17:31.000Z",
  "source": {
    "name": "NDTV",
    "slug": "ndtv",
    "url": "https://www.ndtv.com/world-news/donald-trump-announces-biggest-oil-deal-in-world-history-with-venezuela-11973190"
  },
  "original_language": "en",
  "account": null,
  "summary": "US President Donald Trump announced a deal with Venezuela, calling it the \"biggest oil deal in world history\". The agreement gives the US majority control of 65 billion barrels of proven oil reserves. Trump said the deal was negotiated by US Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Venezuelan interim President Delcy Rodriguez, through a partnership with private business.\n\nAccording to Trump, the deal will come at \"no cost to the American taxpayer\" and will more than double US oil reserves. He also claimed it would drive down domestic gasoline prices and help recover Venezuela's economy. The average US gasoline price is currently around $4.09 per gallon, up from $3.21 a year earlier.\n\nThe deal is expected to generate significant revenue for Venezuela, with estimates ranging from $100 billion to $209 billion. The Venezuelan government has not immediately confirmed the arrangement. The US military captured Venezuela's president Nicolas Maduro and spirited him to the United States nearly nine months ago, at Trump's direction.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Trump says US clinches ‘biggest oil deal in world history’ with Venezuela worth nearly US$100b",
        "url": "https://urgent.news/2026/08/29/trump-says-us-clinches-biggest-oil-deal-in-world-history-with",
        "published": "2026-08-29T00:49:21.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Trump announces ‘biggest oil deal in world history’ with Venezuela",
        "url": "https://urgent.news/2026/08/29/trump-announces-biggest-oil-deal-in-world-history-with-venezuela-4087846",
        "published": "2026-08-29T02:32:51.000Z"
      },
      {
        "outlet": "The Island Sri Lanka",
        "title": "Trump announces ‘biggest oil deal in world history’ with Venezuela",
        "url": "https://urgent.news/2026/08/29/trump-announces-biggest-oil-deal-in-world-history-with-venezuela-4093714",
        "published": "2026-08-29T03:00:50.000Z"
      }
    ]
  },
  "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."
}