{
  "id": 4093714,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T03:00:50.000Z",
  "source": {
    "name": "The Island Sri Lanka",
    "slug": "the-island-sri-lanka",
    "url": "http://island.lk/trump-announces-biggest-oil-deal-in-world-history-with-venezuela/"
  },
  "original_language": "en",
  "account": "President Donald Trump announced a monumental oil deal with Venezuela, granting the United States control over approximately 65 billion barrels of the country's proven oil reserves. This historic transaction, detailed on Trump's Truth Social platform, aims to significantly bolster American oil reserves and reduce gas prices for all citizens. The deal, secured through a partnership between the US government and private businesses, was facilitated by Secretary of State Marco Rubio, Secretary of War Pete Hegseth, and Venezuelan Interim President Delcy Rodriguez. The deal is projected to inject $209 billion into Venezuela's treasury. While negotiations have been ongoing for weeks, the agreement will grant American companies long-term access to Venezuelan oilfields, ensuring a steady supply of crude oil to the US. Although Venezuelan officials are set to sign agreements granting new oil exploration rights to numerous companies, particularly US firms, the arrangement may face legal and constitutional hurdles in Venezuela, where the state maintains control over key oil industry aspects.",
  "summary": "The United States has struck a deal with Caracas that would give them control of some 65 billion barrels of Venezuela’s proven oil reserves, President Donald Trump has announced, while reviving the OPEC nation’s battered energy industry. In a post on Truth Social, Trump said the “historic transaction more than doubles American oil reserves” and […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "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": "NDTV",
        "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",
        "published": "2026-08-29T01:17:31.000Z"
      },
      {
        "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": "Daily Times",
        "title": "Trump announces expanded US role in Venezuela’s oil sector",
        "url": "https://urgent.news/2026/08/29/trump-announces-expanded-us-role-in-venezuelas-oil-sector",
        "published": "2026-08-29T04:56:57.000Z"
      }
    ]
  },
  "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."
}