{
  "id": 4105918,
  "title": "US secures majority control of Venezuelan oil reserves – Trump",
  "url": "https://urgent.news/2026/08/29/us-secures-majority-control-of-venezuelan-oil-reserves-trump",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T04:46:16.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/us-secures-majority-control-of-venezuelan-oil-reserves-trump/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US has reached a deal with Venezuela to gain majority control of 65 billion barrels of proven oil reserves. According to President Donald Trump, the agreement, described as \"the biggest oil deal in world history,\" will bring nearly $100 billion in private investment to Venezuela.\n\nThe deal was reached by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth with Venezuela's interim leader, Delcy Rodriguez, through a partnership with private business. Trump claimed the agreement will more than double US oil reserves and substantially lower gas prices for Americans.\n\nRodriguez confirmed the agreement, hailing it as a \"historic\" deal that would have a significant impact on Venezuela's economic revival, with potential investment of over $100 billion and more than $209 billion in tax revenue for the state. The Venezuelan government has been under intense pressure from the Trump administration since the US ousted and captured long-time ruler Nicolas Maduro.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "ABC News AU",
        "title": "Trump says US is taking partial control of Venezuela's oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-says-us-is-taking-partial-control-of-venezuelas-oil-reserves",
        "published": "2026-08-29T01:30:53.000Z"
      },
      {
        "outlet": "Punch",
        "title": "US secures majority control of Venezuelan oil reserves – Trump",
        "url": "https://urgent.news/2026/08/29/us-secures-majority-control-of-venezuelan-oil-reserves-trump-4109686",
        "published": "2026-08-29T05:08:16.000Z"
      },
      {
        "outlet": "Egypt Independent",
        "title": "Trump says US reaches deal with Venezuela to control 65 billion barrels of country’s oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-says-us-reaches-deal-with-venezuela-to-control-65-billion",
        "published": "2026-08-29T06:19:12.000Z"
      }
    ]
  },
  "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."
}