Following Nicolás Maduro's capture by U.S. forces in January 2026, interim President Delcy Rodríguez assumed power with no presidential election date established. Venezuela's National Assembly has invoked emergency provisions allowing postponement beyond the initial 90-day window, prioritizing stabilization, institutional reforms, and opposition agreements on electoral rules before any vote. Opposition groups continue pressing for prompt balloting under a revised framework with independent oversight, while constitutional requirements for six-year terms and political dialogue remain key unresolved factors. These dynamics, including the absence of scheduled events or firm timelines through mid-2026, shape trader assessments of likely scheduling windows.