{
  "id": 4109271,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T04:56:57.000Z",
  "source": {
    "name": "Daily Times",
    "slug": "daily-times",
    "url": "https://dailytimes.com.pk/1545138/trump-announces-expanded-us-role-in-venezuelas-oil-sector/"
  },
  "original_language": "en",
  "account": null,
  "summary": "US President Donald Trump has announced that the US has secured majority control of more than 65 billion barrels of Venezuela's proven oil reserves. According to Trump, the arrangement was reached through a partnership with private business and will cost American taxpayers nothing. The deal is expected to more than double American oil reserves and increase the US oil supply, which Trump claims will substantially lower gas prices for all Americans.\n\nThe agreement was reached between Trump's administration, specifically Secretary of State Marco Rubio and Defence Secretary Pete Hegseth, and Venezuela's interim President Delcy Rodriguez. Rubio described the deal as \"a huge win for both the American and Venezuelan people\", stating it will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela's economy, according to the KahawaTungu and MyJoyOnline Ghana reports.\n\nVenezuela's interim President Delcy Rodriguez welcomed the agreement, hailing it as one that would help her nation's economic revival. The country's oil reserves are the world's largest, but production is currently only about 1.25 million barrels per day, far below its potential, as per the Dawn report.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "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": "The Island Sri Lanka",
        "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",
        "published": "2026-08-29T03:00:50.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Trump announces US gains control of major share of Venezuela's oil reserves",
        "url": "https://urgent.news/2026/08/29/trump-announces-us-gains-control-of-major-share-of-venezuelas-oil",
        "published": "2026-08-29T06:19:13.000Z"
      }
    ]
  },
  "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."
}