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US Nears Deal for Long-Term Access to Venezuelan Oil Fields

US Nears Deal for Long-Term Access to Venezuelan Oil Fields

AI-generated representative image: Oil pumpjacks at a Venezuelan oilfield, as the US negotiates long-term access to the country's crude reserves.

Trump administration talks could open 17 crude fields to American producers under a lease model

By Editorial TeamAug 28, 2026 · 4:07 AM
New Zealand Unemployment Hits 5.6%: Highest Since Late 2015
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New Zealand Unemployment Hits 5.6%: Highest Since Late 2015

June quarter jobless rate surpasses forecasts as rising participation and spare labor capacity cloud RBNZ rate hike outlook

China Imposes Drone Export Controls and Sanctions on US Entities
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China Imposes Drone Export Controls and Sanctions on US Entities

Beijing blacklists seven American firms and tightens drone technology shipments in retaliatory countermeasures against Washington

S&P 500 Hits Record High Above 7,700 on Strait of Hormuz Deal Hopes
Business

S&P 500 Hits Record High Above 7,700 on Strait of Hormuz Deal Hopes

Dow also notches fresh record as oil prices slide on Iran-Oman talks to restore the critical crude shipping route

White House AI Safety Meeting Set After OpenAI and Anthropic Breaches
Business

White House AI Safety Meeting Set After OpenAI and Anthropic Breaches

Trump administration seeks early access to advanced models for federal safety testing as state AGs demand OpenAI documentation.

US Stocks Near Record High as Oil Slides on Trump Iran Talks
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US Stocks Near Record High as Oil Slides on Trump Iran Talks

S&P 500 rallies toward all-time high while Brent crude tumbles amid conflicting US-Iran diplomacy signals

Shell Profits Double as Iran War Disrupts Global Oil Markets
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Shell Profits Double as Iran War Disrupts Global Oil Markets

Energy giant reports $9.84 billion in Q2 earnings as crude price surges and LNG trading gains offset Middle East operational damage

Sainsbury's Sells Argos to Swift Partners for £120 Million
Business

Sainsbury's Sells Argos to Swift Partners for £120 Million

Richard Pennycook-led Swift Partners acquires the struggling general merchandise chain as Sainsbury's sharpens its food-first strategy

Turkiye Acquires 15% Kirkuk Oilfield Stake as Iraq Offers 1M Barrels Per Day
Business

Turkiye Acquires 15% Kirkuk Oilfield Stake as Iraq Offers 1M Barrels Per Day

The landmark energy deal replaces the expired 1975 Kirkuk-Ceyhan pipeline pact with a broader Turkiye-Iraq cooperation framework spanning security, trade and transport.