The United States conducted targeted military strikes and a special operations raid in Caracas on January 3, 2026, capturing former President Nicolás Maduro and shifting Venezuela into an interim phase under Acting President Delcy Rodríguez. Since then, diplomatic relations have been restored, select sanctions eased, and commercial oil arrangements advanced under U.S. leverage to support economic stabilization. No additional large-scale troop deployments or offensive operations have occurred in recent months, and bilateral engagement now centers on regional stability, resource access, and a phased political transition. These developments, alongside scheduled international discussions on hemispheric security, underpin trader assessments that a full-scale invasion remains unlikely through year-end absent major new escalations or policy reversals.