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What we know about Trump's deal giving US access to vast oil reserves in Venezuela

10 Sept 02:27 Key points summarised by AI

President Trump announced a deal granting the U.S. a 55% effective output stake in a new company with rights to 17 untapped Venezuelan oil fields for 100 years, following the capture of Nicolás Maduro.
Venezuela's acting president, Delcy Rodríguez, framed the agreement as vital for economic recovery, projecting $100 billion in investment and significant tax revenue to modernize the oil industry and address social needs.
Despite Trump's claims of lower gas prices, experts caution that Venezuela's dilapidated infrastructure requires years and billions in investment, making immediate impact unlikely; key details like funding and the private operator remain undisclosed.
The deal sparked controversy, with some Venezuelans viewing it as a betrayal and U.S. Democrats condemning it as opportunistic, while many questions persist regarding investment specifics and the willingness of major oil companies to engage in the politically uncertain region.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.