Shares of major U.S. companies in the energy sector are sharply higher Monday after President Donald Trump announced plans to take control of Venezuela’s oil industry, saying that it would be American companies helping to revitalize it following the capture of President Nicolás Maduro.

President Trump said "we're going to get the oil flowing the way it should be" after the surprise U.S. attack. Here's what to know about Venezuela's oil sector.

I don't think any large U.S. major company is going to want to invest without a series of guarantees,” one historian of Venezuela said.

The U.S. military’s ouster of Venezuelan President Nicolás Maduro is set to swiftly reroute the country’s oil exports back toward the United States – and away from China. That will give U.S. refiners an immediate boost,

Investors look to safe-haven assets like gold and silver to limit risk from the ongoing political instability in Latin America.

The Energy Information Administration forecasts US oil production will decline by 100,000 barrels per day in 2026.

The U.S. has imposed sanctions on four firms in Venezuela's oil sector and designated four additional oil tankers as blocked property.