Following Nicolás Maduro's January 2026 capture and removal by U.S. forces, interim President Delcy Rodríguez leads a transitional government amid ongoing political and economic stabilization efforts. Venezuela's National Assembly has prioritized stability over rapid voting, with leaders ruling out immediate elections in early 2026 statements and emphasizing the need for agreements on timing with opposition groups. Key delays stem from required institutional reforms, including updates to the electoral council, restoration of political freedoms, and verification processes, as highlighted in opposition calls and international discussions. Protests in mid-2026 demanding elections underscore public pressure, while opposition figures have floated timelines of nine to ten months from February. These factors shape trader views on when a formal schedule might emerge, with no date yet confirmed under the six-year term framework.