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Watch: Why is the US-Venezuela oil deal so controversial?

President Donald Trump announced the US has struck a deal to control more than 65 billion barrels of proven oil reserves.

· 707 words· updated August 31, 2026 at 06:23 PM

President Donald Trump announced on Friday that the US has struck a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves. The US president wrote that the agreement would more than double American oil reserves and "substantially lower gas prices for all Americans".

The BBC's Tom Bateman explains what the deal means and why critics are raising concerns.

Watch: Algerians look on as deadly wildfires rage through night

At least 12 people have died in the fires and Algeria's president has announced three days of mourning.

Belugas and dolphins rescued from closed Canadian park arrive in Spain

Two beluga whales and four dolphins rescued from a struggling Canadian marine park arrived in Spain as part of an effort to relocate the animals and avoid euthanasia.

Tracking USS Lincoln's eight-month mission as concerns about conditions grow

BBC Verify has used satellite imagery to monitor the warship on one of the longest ever US deployments.

Watch: Why has Trump shifted on North Korea?

Trump said the US will "substantially reduce" joint military exercises with South Korea, citing his "very good relationship" with Kim Jong Un.

‘Justified’ or ’no business being there’? Tennessee munitions town loyal to Trump but divided on Iran

Hear from voters in Kingsport, home to a munitions plant supplying the US military, as tensions over the Iran war spark debate.

Watch: Why was Trump smuggled out of Air Force One in a catering truck?

US media reports say the president secretly left via a catering truck to avoid a threat to his life from Iran.

Watch: Huge blaze after attack on petrol tank in Libya

Firefighters are trying to contain a blaze at a large petrol tank west of the capital, Tripoli, which was targeted by unknown attackers.

Watch: Pentagon releases fresh UFO videos in new document dump

The fifth batch of files released on 7 August include 41 documents, images and videos related to Unidentified Anomalous Phenomena (UAP).

Watch: Tens of thousands of migrants enter Spain's Ceuta from Morocco

Most migrants who reached Spain's North African territory of Ceuta from Morocco have returned, officials said.

US accuses France of 'disingenuous grandstanding' at UN

The US delegation protested comments made by France that compared Washington DC's voting on human rights to that of authoritarian states.

Why Netanyahu's visit with Trump at the White House is high-stakes

The meeting comes amid signs of friction between the two leaders and decreasing public support for Israel in the US.

What's going on with the US-Saudi nuclear deal?

Less than 24 hours after the agreement was signed, President Trump posted on social media that the deal required Saudi Arabia to sign up to the Abraham Accords.

Watch: What we know about the US-Saudi nuclear deal

The BBC's Sarah Smith explains the implications of the landmark cooperation agreement between both countries.

Watch: What it was like inside Maduro's court hearing

The BBC's Kayla Epstein was inside the courtroom as a judge set the start date for the ousted Venezuelan president's trial in the US.

Trump attends dignified transfer of four US service members killed in the Middle East

The ceremony for Tyler James Feehan, Angel Rampersad, Isabella Gonzales and Michael Emmanuel Swinton took place at an air base in Delaware.

Watch: Spain World Cup champions receive royal welcome in Madrid

After meeting the royal family, the squad boarded an open-top bus for a victory parade through the capital city, where nearly two million fans lined the streets.

Trump: Strikes carried out 'in honour' of American soldiers killed

The US said it launched a "new wave" of strikes for the ninth consecutive night as explosions were heard across Iran.

Spanish and Argentinian fans react outside World Cup final

Ecstatic Spanish spectators and disappointed Argentine fans spoke to the BBC after the World Cup final on Sunday.

Watch: The clash between US and Iran for control of the Strait of Hormuz

The BBC's Barbara Plett Usher examines the latest tensions over the key international shipping channel.

Watch: Why is there a 'black cloud' over unity at the Nato summit?

US President Donald Trump has used the Nato summit to criticise the lack of support for his war on Iran, and revive his interest in taking over Greenland.

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Monday, October 12, 2026

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