Delcy Rodríguez has served as Venezuela’s acting president since January 5, 2026, following the U.S. capture of Nicolás Maduro and a Supreme Tribunal of Justice order designating her to ensure administrative continuity without declaring a permanent vacancy. Trader focus centers on whether ongoing U.S.-backed negotiations with opposition factions, a second round of which opened in Caracas on September 17, will produce a defined transition timeline, elections, or institutional reforms that prompt her departure. Recent steps include judicial renewal agreements, amnesty measures, prisoner releases, lifted media restrictions, and oil-sector pacts with the United States, alongside Rodríguez’s scheduled high-level meetings at the United Nations General Assembly and with President Trump. These developments, plus scheduled talks concluding around September 23, shape assessments of how long her interim leadership is likely to persist amid competing pressures for stability and broader political change.