In January 2026, the United States executed Operation Absolute Resolve, a targeted military operation involving airstrikes and special forces that captured Venezuelan President Nicolás Maduro without launching a full-scale ground invasion or troop occupation. Since then, bilateral relations have normalized with diplomatic ties reestablished in March, sanctions relief, and Venezuela emerging as the second-largest U.S. oil supplier by late April amid post-ouster transition efforts. No major military escalations have occurred in the past 30 days, with U.S. foreign policy shifting toward economic leverage over oil revenues and democratic stabilization rather than further intervention. Upcoming congressional oversight on regional operations and potential interim government elections could influence dynamics, but trader consensus reflects de-escalation signals.