President Donald Trump announced plans to take control of Venezuela’s oil industry, boosting U.S. energy sector shares. U.S. could become a dominant global oil player with control of Venezuela’s vast reserves. Analysts predict potential significant impact on energy markets and geopolitical landscape. But challenges lie ahead, including infrastructure improvements and political risks. Energy sector stocks surge on news, with refiners and oilfield service companies seeing largest gains.

Read more at Yahoo Finance: Oil stocks sharply higher after US action in Venezuela