{
  "id": 4264370,
  "title": "Trump’s ‘biggest oil deal in history’: What we know",
  "url": "https://urgent.news/2026/08/29/trumps-biggest-oil-deal-in-history-what-we-know",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T19:18:31.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/economy/trumps-biggest-oil-deal-in-history-what-we-know-1.500656603"
  },
  "original_language": "en",
  "account": "President Donald Trump announced what he described as \"THE BIGGEST OIL DEAL IN WORLD HISTORY\" with Venezuela on Friday night, claiming it would give the United States a significant stake in the South American country's oil reserves. The agreement involves a new private company formed by the U.S. government and an unnamed Venezuelan operator, which would be granted rights to 17 untapped oil fields with a potential of 65 billion barrels. The deal could result in over $209 billion in taxes for Venezuela and draw $100 billion in investment. However, the specifics of when drilling could begin and who would pay for infrastructure improvements remain unclear. Acting Venezuelan President Delcy Rodríguez called the deal a step toward economic recovery, while some Venezuelans expressed outrage over what they saw as a betrayal of their country's resources. Experts warned that the deal is unlikely to significantly impact gas prices in the short term due to Venezuela's outdated oil infrastructure.",
  "summary": "What we know about Trump's deal giving US access to vast oil reserves in Venezuela",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 12,
    "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": "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"
      },
      {
        "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"
      },
      {
        "outlet": "New Voice of Ukraine",
        "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-4206302",
        "published": "2026-08-29T13:57:00.000Z"
      },
      {
        "outlet": "Global News",
        "title": "Trump says U.S. to take control of 65B barrels of Venezuela oil reserves in new deal",
        "url": "https://urgent.news/2026/08/29/trump-says-u-s-to-take-control-of-65b-barrels-of-venezuela-oil",
        "published": "2026-08-29T15:50:26.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "What we know about Trump’s deal giving US access to vast oil reserves in Venezuela",
        "url": "https://urgent.news/2026/08/29/what-we-know-about-trumps-deal-giving-us-access-to-vast-oil-reserves",
        "published": "2026-08-29T16:23:12.000Z"
      },
      {
        "outlet": "Associated Press",
        "title": "What we know about Trump’s deal giving US access to vast oil reserves in Venezuela",
        "url": "https://urgent.news/2026/08/29/what-we-know-about-trumps-deal-giving-us-access-to-vast-oil-reserves-4233148",
        "published": "2026-08-29T16:53:02.000Z"
      },
      {
        "outlet": "El Pais",
        "title": "El acuerdo por el que Delcy Rodríguez cede a Trump el 22% de las reservas petroleras de Venezuela desata una avalancha de críticas",
        "url": "https://urgent.news/2026/08/29/el-acuerdo-por-el-que-delcy-rodriguez-cede-a-trump-el-22-de-las",
        "published": "2026-08-29T17:57:12.000Z"
      }
    ]
  },
  "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."
}