{
  "id": 5022216,
  "title": "Venezuela hands the US control over a fifth of its oil in landmark deal",
  "url": "https://urgent.news/2026/09/02/venezuela-hands-the-us-control-over-a-fifth-of-its-oil-in-landmark",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T05:13:40.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "http://www.euronews.com/business/2026/09/02/venezuela-hands-the-us-control-over-a-fifth-of-its-oil-in-landmark-deal"
  },
  "original_language": "en",
  "account": null,
  "summary": "Venezuela's parliament has approved a deal granting the US control of about one-fifth of its oil reserves. The agreement was backed by the government-dominated National Assembly. According to Malay Mail and Gulf News, US officials said the deal would lower oil prices for Americans and counter Russian and Chinese influence.\n\nThe deal comes as Washington maintains a significant grip on the government in Caracas after the ousting of President Nicolas Maduro in January. US Energy Secretary, as per Malay Mail, Chris Wright, arrived in Venezuela on Tuesday, with a signing of the agreement set for Wednesday. Oil giant Chevron is expected to announce a major expansion in Venezuela on the same day, as per Malay Mail and Gulf News.\n\nUS President Donald Trump met oil executives at the White House as he tries to tame gas prices. Trump said on his Truth Social network that his administration is \"unleashing American Energy Dominance!\" Secretary of State Marco Rubio stated in a Spanish-language interview that a private company is working with the US to \"normalize the Venezuelan economy.\"",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Gulf News",
        "title": "US defends Trump Venezuela oil deal as energy secretary lands in Caracas",
        "url": "https://urgent.news/2026/09/02/us-defends-trump-venezuela-oil-deal-as-energy-secretary-lands-in",
        "published": "2026-09-02T04:01:59.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "US energy secretary says Venezuela oil output to more than double in next few years",
        "url": "https://urgent.news/2026/09/02/us-energy-secretary-says-venezuela-oil-output-to-more-than-double-in",
        "published": "2026-09-02T05:23:27.000Z"
      }
    ]
  },
  "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."
}