India, Jan. 8 -- In a major shift in global energy politics, the United States has made it clear that it plans to oversee Venezuela's oil trade for an open-ended period following the dramatic capture of former President Nicolas Maduro. President Donald Trump and senior members of his administration have openly stated that Washington expects to manage and sell Venezuelan crude for years, tying the country's economic recovery directly to US supervision.

Venezuela holds the world's largest proven oil reserves, and US officials believe controlling how that oil reaches global markets is key to stabilising the crisis-hit nation while advancing American strategic and economic interests.

Speaking in an interview, Trump said he expects the Unite...