President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing President Nicolás Maduro in a raid isn't likely to have a significant immediate impact on oil prices.
People are also reading…
Evana, an oil tanker, is docked at El Palito port in Puerto Cabello, Venezuela, Dec. 21.
Vehicles drive past the El Palito refinery in Puerto Cabello, Venezuela, Dec. 21.
US captures Venezuela's leader in military operation
Men watch smoke rising from a dock Saturday, Jan. 3, 2026, at La Guaira port, Venezuela, after explosions were heard.
Pedestrians walk past destroyed containers Saturday, Jan. 3, 2026, at La Guaira port, Venezuela, after explosions were heard.
Venezuela's President Nicolas Maduro, then Constituent National Assembly President Delcy Rodriguez, left, and first lady Cilia Flores, wave May 24, 2018, as they arrive at the National Assembly in Caracas, Venezuela.
Residents evacuate a building Saturday, Jan. 3, 2026, near the Miraflores presidential palace in Caracas, Venezuela, after explosions and low-flying aircraft were heard.
Soldiers guard the area around the Miraflores presidential palace Saturday, Jan. 3, 2026, in Caracas, Venezuela, after explosions and low-flying aircraft were heard.
Pedestrians walk past the Miraflores presidential palace Saturday, Jan. 3, 2026, in Caracas, Venezuela, after explosions and low-flying aircraft were heard.
Supporters of Venezuelan President Nicolás Maduro embrace Saturday, Jan. 3, 2026, in downtown Caracas, Venezuela, after U.S. President Donald Trump announced Maduro was captured.
Venezuelans celebrate Saturday, Jan. 3, 2026, in Lima, Peru, after U.S. President Donald Trump announced Venezuelan President Nicolas Maduro was captured.
Pro-government armed civilians patrol Saturday, Jan. 3, 2026, in La Guaira, Venezuela, after U.S. President Donald Trump said President Nicolás Maduro was captured.
Smoke rises Saturday, Jan. 3, 2026, from Fort Tiuna, the main military garrison in Caracas, Venezuela, after aircraft swept through the area and multiple explosions were heard.
A destroyed armored vehicle sits Saturday, Jan. 3, 2026, at La Carlota airport in Caracas, Venezuela, after explosions were reported at the site.
Pro-government armed civilians deploy Saturday, Jan. 3, 2026, in Caracas, Venezuela, after U.S. President Donald Trump announced that President Nicolás Maduro was captured.
Police and pro-government armed civilians block streets Saturday, Jan. 3, 2026, in Caracas, Venezuela.
National Guard armored vehicles block an avenue Saturday, Jan. 3, 2026, leading to Miraflores presidential palace in Caracas, Venezuela.
