{
  "id": 4093103,
  "title": "Venezuela confirms ‘historic’ US oil deal covering 65 billion barrels",
  "url": "https://urgent.news/2026/08/29/venezuela-confirms-historic-us-oil-deal-covering-65-billion-barrels",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T03:20:30.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/08/29/venezuela-confirms-historic-us-oil-deal-covering-65-billion-barrels/233132"
  },
  "original_language": "en",
  "account": null,
  "summary": "Venezuela has signed a major oil deal with the United States, giving Washington majority control of 65 billion barrels of proven petroleum reserves. According to Venezuela's interim leader Delcy Rodriguez, the \"historic\" agreement will have a significant impact on the country's rebirth and could draw more than $100 billion in investment into Venezuela's oil industry, yielding over $209 billion in taxes for Caracas.\n\nThe deal, announced by US President Donald Trump, involves the development of 17 fields and was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Rodriguez. Trump described the agreement as \"the biggest oil deal in world history\" and said it would \"more than double American oil reserves, greatly increase our oil supply, and substantially lower gas prices for all Americans.\"\n\nThe agreement is expected to bring significant economic benefits to Venezuela, with Rodriguez predicting it will have a major impact on the country's economy. According to Rubio, the deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela's economy.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "DW News",
        "title": "US, Venezuela announce 'historic' oil deal",
        "url": "https://urgent.news/2026/08/28/us-venezuela-announce-historic-oil-deal",
        "published": "2026-08-28T23:23:00.000Z"
      },
      {
        "outlet": "BBC News",
        "title": "US and Venezuela reach 'historic' oil deal, Trump says",
        "url": "https://urgent.news/2026/08/28/us-and-venezuela-reach-historic-oil-deal-trump-says",
        "published": "2026-08-28T23:54:19.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "'Biggest deal in world history': Trump says US secured 65 billion barrels of Venezuelan oil",
        "url": "https://urgent.news/2026/08/29/biggest-deal-in-world-history-trump-says-us-secured-65-billion",
        "published": "2026-08-29T00:36:53.000Z"
      },
      {
        "outlet": "Tempo.co English",
        "title": "Trump Says US, Venezuela Reach 'Biggest Oil Deal in World History'",
        "url": "https://urgent.news/2026/08/29/trump-says-us-venezuela-reach-biggest-oil-deal-in-world-history",
        "published": "2026-08-29T01:00:00.000Z"
      }
    ]
  },
  "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."
}