Venezuela and the US hail new oil deal

Venezuela and the US hail new oil deal

Author: BBC World Service September 3, 2026 Duration: 30:28

The United States and Venezuela have welcomed a big energy deal which they have formally signed in Caracas, along with a series of agreements involving international oil firms. The US Energy Secretary, Chris Wright, said the deal would unlock tens of billions of dollars in investment and thousands of jobs. He said oil production would double in a decade. Critics say the deal hands Washington control of a fifth of Venezuela’s oil reserves and entrenches the current authoritarian government.

Also, New York's mayor, Zohran Mamdani, has announced an unprecedented one-year ban on students using artificial intelligence in public elementary and middle schools; Tens of thousands of people have demonstrated against the Spanish government's handling of the migrant crisis in the north African territory of Ceuta. They have been calling for the socialist Prime Minister, Pedro Sanchez, to resign; More than six decades on from the Sharpeville Massacre in South Africa, survivors and relatives of those killed are challenging an apartheid-era law they say has prevented them from seeking justice; And more than 900 years after it was made, King Charles and Queen Camilla have had a preview of the historic Bayeux Tapestry which has been loaned to the British Museum in London by France for a year. The tapestry tells the story of the Norman conquest of Saxon England in 1066, when the English king was defeated by the invaders from France.

(Photo: Venezuela's acting president Delcy Rodriguez. Credit: Getty Images)

Get in touch: globalpodcast@bbc.co.uk

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