Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to have a significant immediate impact on oil prices.

The president spoke to Fox News by phone hours after he announced the U.S. had captured the president of the oil-rich South American country.

U.S. oil companies will invest billions of dollars in Venezuela's energy sector after the overthrow of Nicolas Maduro, President Donald Trump said.