{
  "id": 4084928,
  "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-4084928",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T02:11:06.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/world/world/2026/08/1521092/trump-announces-deal-huge-us-stake-venezuelan-oil-reserves"
  },
  "original_language": "en",
  "account": "US President Donald Trump announced a major oil deal with Venezuela on Friday, securing majority control of 65 billion barrels of proven oil reserves. The agreement, touted as the largest oil deal in world history, is expected to bring nearly $100 billion in private investment to Venezuela, according to US Secretary of State Marco Rubio. This significant move comes after Venezuela's government faced intense pressure and scrutiny from the Trump administration since the ousting of President Nicolas Maduro in January. Despite the strained relations, Trump made it clear that securing Venezuelan oil was a top priority for the United States, as he vowed that the deal would more than double US oil reserves. However, there has been no confirmation from the Venezuelan government regarding the arrangement. Rubio emphasized that the deal would strengthen the relationship between Venezuela and the United States. Additionally, the US administration is optimistic about the potential economic benefits for Venezuelans, with the deal projected to generate high-paying jobs and support reconstruction efforts. Axios reported that discussions have been ongoing between the two countries regarding a dozen productive oil fields, comprising about a third of Venezuela's total proven reserves of 300 billion barrels. In exchange for a US ownership stake, private companies, including American firms, would develop the fields and contribute more oil revenue to Venezuela. This deal, touted by Trump as a significant win for his America First foreign policy, could also help lower gasoline prices in the US, a critical issue as his approval ratings decline ahead of the November midterm elections.",
  "summary": "WASHINGTON: US President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves.",
  "key_points": [
    "US President Donald Trump secures majority control of 65 billion barrels of Venezuelan oil reserves.",
    "Agreement expected to bring nearly $100 billion in private investment to Venezuela.",
    "Deal aims to double US oil reserves and generate high-paying jobs."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "CBS News",
        "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",
        "published": "2026-08-28T23:27:52.000Z"
      },
      {
        "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."
}