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How the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump

The Defense Department’s Office of Strategic Capital, founded by the Biden administration to give loans to bolster the U.S. defense industry, is helping lead President Trump’s oil deal.

Β© Adriana Loureiro Fernandez for The New York Times

President Trump said his defense secretary and secretary of state reached an agreement with the Venezuelan government on securing billions of barrels of oil reserves β€œthrough a partnership with private business.”

U.S. and Iran Exchange Strikes Overnight After Monthlong Calm

31 August 2026 at 13:16
The renewed attacks were the latest sign that the war that began six months ago appears far from over.

Β© Reuters

The Strait of Hormuz, the waterway in the Persian Gulf that has been at the heart of the conflict between the United States and Iran, on Monday.

Europe Protests as U.S. Invites Russian Minister to G20 Finance Meeting

The meeting, which China and Russia are attending, is focused on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.

Β© Melissa S. Gerrits/Reuters

Treasury Secretary Scott Bessent and the Federal Reserve chairman, Kevin Warsh, in Asheville, N.C., before the summit. The International Monetary Fund has projected that global growth will slow this year and that inflation will rise.

More Mail Ballots Are Arriving Late This Year, and They’re Getting Tossed

State officials say they worry about the Postal Service’s ability to deliver votes this fall. They are urging voters to mail their ballots early or use drop boxes so their votes count.

Β© Rebecca Cook/Reuters

Nearly twice as many mail ballots were rejected for arriving late in Michigan’s primaries this year when compared to 2024.
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