Venezuelan President Hugo Chávez died Tuesday after 14 years in power.

Vice President Nicolas Maduro, Chávez's anointed successor, will continue to run Venezuela as interim president. A new presidential election will be called later this year, and Maduro is predicted to run against the Venezuelan opposition's candidate, Henrique Capriles.

Chávez’s death leaves the direction of the country in uncertainty, but the impact of his death will likely have more to do with oil than politics, said Alex Choinski, a partner at the law firm of McDermott Will & Emery LLP. ...