First Pass

72 stories from 7 sources

Venezuela oil deal puts sovereignty and control at stake

Day’s Recap

Supporting Articles

Venezuela says it will retain sovereignty under a new US oil agreement, with interim President Rodriguez stating that Caracas will receive $19 from every barrel sold to the United States. The arrangement sets out a direct revenue stream for the Venezuelan government while reopening oil trade with the US.

11:51 PMAl Jazeera

Many Venezuelans view a deal granting the United States majority control of the country's vast oil reserves as a new form of colonialism. The arrangement has provoked opposition because it touches national identity as well as control of a strategic resource.

9:00 AMThe New York Times

Venezuelan opposition figures called the agreement with the Trump administration potentially illegal, while government hardliners condemned it as a betrayal.

6:38 PMFinancial Times

The federal government will control 55% of the company's effective output through a combination of equity ownership and oil production. That would give Washington an unusually direct role in a major Venezuelan energy asset.

1:31 PMFortune

President Trump says the United States and Venezuela have formed a joint venture giving the U.S. control over 65 billion barrels of Venezuelan oil. He says the arrangement will reduce petrol prices for Americans.

10:20 AMFinancial Times

Nepal entered the fourth day of rescue operations as floods left an estimated 2,400 people missing. The destruction has exposed the scale of the country’s recovery challenge.

11:58 PMThe New York Times

Other Developments

A curated list of other prominent stories from this day.

The United States deported an Afghan national who had received protection in the country to the war-torn Central African Republic, as part of a broader group of removals.

11:10 PMAl Jazeera

A memorial installation in Berlin has recreated the bullet-riddled car linked to the killing of six-year-old Palestinian girl Hind Rajab.

9:43 PMAl Jazeera

Ontario Premier Doug Ford unveiled a large shoreline billboard reading, "Lake Ontario. Now and Always," in a pointed response to tensions with the United States.

10:25 AMBBC

Turkish and Somali forces have freed a Cameroon-flagged cargo vessel after a 10-day operation, according to Somali authorities, who said 14 pirates were killed.

8:16 PMAl Jazeera

Harald V died Friday morning, making his 53-year-old son, Crown Prince Haakon, Norway's new king, Haakon VIII. In his first speech, Haakon honored his father and assumed the role of sovereign.

4:51 PMCNBC

Former Ecuadorian President Lenín Moreno has been imprisoned in a corruption case involving allegations that he accepted bribes from a Chinese firm to secure a hydroelectric plant contract. Moreno denies the accusations.

3:44 PMBBC

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