Venezuela's acting president overhauls oil industry amid pressure from Trump administration

Venezuela's acting President Delcy Rodriguez signed a law overhauling the nation's oil sector, opening it to privatization. The move reverses a core policy of the socialist movement that has ruled the country for more than two decades.

Rodriguez's policy shift, aimed at luring the foreign investors needed to rework the industry, comes less than one month after the U.S. captured former Venezuelan dictatorial leader Nicolás Maduro. The acting president, who served as Maduro's vice president prior to his capture...