Delcy Rodríguez assumed Venezuela’s interim presidency in January 2026 after U.S. forces removed Nicolás Maduro, and she has since consolidated authority through cabinet reshuffles, military command changes, and selective sanctions relief from Washington. Recent moves include opening energy sectors to foreign investment, ending aspects of the prior amnesty framework, and registering under U.S. disclosure rules ahead of potential elections, signaling efforts to normalize relations while retaining Chavista institutional control. Traders are monitoring scheduled diplomatic engagements, any announced electoral timeline, and internal coalition pressures that could accelerate or delay a leadership transition.