New Delhi, Jan. 8 -- In the wake of a large-scale military operation that led to the capture of Venezuelan President Nicolas Maduro and his wife, the United States on Wednesday announced a major energy initiative, with the intent of stabilising Caracas's energy sector.

The plan, released on Wednesday, 7 January, involves rolling back 'select' sanctions to allow the South American nation's crude oil to enter global markets under US oversight.

The Trump administration has called it a 'historic deal', which aims to safeguard American interests, restore Venezuela's energy production, as well as generate a revenue stream for both countries.

According to a Fact Sheet released by the US Department of Energy, the administration highlighted tha...