New Delhi, Jan. 4 -- The U.S. military operation that captured Venezuelan President Nicolas Maduro on Saturday-coupled with President Donald Trump's plan to have the U.S. effectively run the country until a "proper" transition-injected a fresh bout of volatility into global politics, forcing countries to further reassess their relationships with the U.S. and its role on the world stage.

While most investment strategists expect limited near-term market impact, geopolitical analysts said Saturday's events further rattle the norms that have managed the global order for decades and could increase concerns about geopolitical tripwires-like Taiwan, the self-ruled island China considers its own.

The strike follows months of building tension be...