US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves

Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.

The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with ⁠private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth.

The Nepal-Tibet flood disaster, Russian strikes in Kyiv, Israeli settlers in the West Bank and tributes to Dolly Parton – the past seven days as captured by the world’s leading photojournalists

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A reminder that we are covering the latest out of Jackson Hole, Wyoming, where Kevin Warsh – the new chair of the Federal Reserve – will deliver his first speech as the head of the US central bank at the annual economic policy symposium.

As my colleagues note, Warsh is under pressure to provide clarity on how the Federal Reserve should handle with inflation if price pressures don’t abate.

Jes Staley made comments to US lawmakers investigating his links to the convicted sex offender

The former Barclays boss Jes Staley has denied having sex with a woman dressed as Snow White, after being questioned about an infamous email exchange about Disney princesses with Jeffrey Epstein.

The comments were detailed in newly released transcripts from a closed-door interview last month with US lawmakers as part of their investigation into Epstein, who died in prison in August 2019 while awaiting trial on child sex-trafficking charges.

Tim Curry was a versatile performer on stage and screen who made his name as the flamboyant Dr Frank-N-Furter in The Rocky Horror Picture Show. Curry’s best-known roles often required a considerable physical transformation, to the extent that he was unrecognisable in some of them. As Frank-N-Furter, Rocky Horror’s eccentric scientist, he was daubed in garish makeup and dressed in stockings and suspenders. In Ridley Scott's fantasy Legend, he sported giant horns and scarlet skin as the Lord of Darkness, and, in 1990, Curry was transformed with full-face clown makeup to play Pennywise in the TV miniseries It, based on Stephen King's novel

• Tim Curry, star of The Rocky Horror Picture Show and Stephen King’s It, dies aged 80