{
  "id": 4085428,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T02:05:43.000Z",
  "source": {
    "name": "Kyiv Post",
    "slug": "kyiv-post",
    "url": "https://www.kyivpost.com/post/83302"
  },
  "original_language": "en",
  "account": "President Donald Trump announced on Friday that the United States has secured majority control of 65 billion barrels of proven Venezuelan oil reserves in a historic oil deal. The deal, described by Trump as \"the biggest oil deal in world history,\" is expected to bring nearly $100 billion in private investment to Venezuela, with significant tax revenue benefits for the US and Venezuelan governments. Venezuela, which holds the world's largest proven oil reserves, has been under intense scrutiny from the Trump administration since the ousting of President Nicolas Maduro in January, with Vice President Delcy Rodriguez serving as interim leader under US guidance. Trump's administration has been actively seeking to secure Venezuelan oil for the US, and the deal is projected to more than double US oil reserves, addressing high gasoline prices a key political concern for Trump ahead of the November midterm elections. The interim leader, Rodriguez, confirmed the historic agreement, estimating it would have a significant impact on Venezuela's economic recovery and potentially generate over $100 billion in private investment and tax revenue. Experts note that the unconventional nature of the deal raises questions about the transfer of the oil assets, with concerns over how the transition would be executed. While some US oil companies have shown interest in investing in Venezuela, they have been hesitant due to the country's outdated infrastructure and the potential political risks of investing in the region.",
  "summary": "The US has entered into an oil agreement with Venezuela, giving the US majority control over 65 billion barrels of Venezuelan reserves. According to President Trump, the deal, negotiated by Secretary of State Marco Rubio, Secretary of War Pete Hegseth, and Venezuela's interim President Delcy Rodriguez, is \"the biggest oil deal in world history\".\n\nThe agreement is expected to more than double American oil reserves and substantially cut gas prices for Americans. Trump also framed the deal as a boost for Venezuela, saying it would help set the country on a path toward \"tremendous success and great prosperity\".\n\nThe deal is expected to generate $209 billion for Venezuela's treasury, according to Venezuelan interim President Delcy Rodriguez. The announcement comes after a significant development in US-Venezuela relations, with The Indian Express reporting that the US military carried out an operation to capture Venezuelan President Nicolás Maduro nearly nine months prior.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "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": "Live Mint",
        "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",
        "published": "2026-08-29T00:20:32.000Z"
      },
      {
        "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": "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"
      },
      {
        "outlet": "Sky News",
        "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-4099792",
        "published": "2026-08-29T02:17:00.000Z"
      },
      {
        "outlet": "Dawn Business",
        "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-4105205",
        "published": "2026-08-29T04:28:41.000Z"
      }
    ]
  },
  "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."
}