Delcy Rodríguez assumed Venezuela’s acting presidency in January 2026 after U.S. forces captured Nicolás Maduro, and she has since consolidated power through cabinet reshuffles, military command changes, and policies opening the oil sector to foreign investment. U.S. sanctions on her were lifted in early April, reflecting alignment with Washington on economic stabilization and resource access, while her recent diplomatic moves—including a May 9 trip to The Hague for the Guyana border case and talks with Colombia—signal ongoing institutional continuity. The role remains formally temporary under high-court guidelines, with lawmakers yet to extend the mandate or schedule elections, leaving trader focus on whether internal pressures or U.S. preferences accelerate a transition.