In January 2026, the United States conducted targeted airstrikes and a special operation in Venezuela, capturing President Nicolás Maduro and prompting a political transition to acting President Delcy Rodríguez without ground troop invasion or occupation. Diplomatic relations were re-established on March 5 amid sanctions relief and economic talks, reflecting de-escalation signals from both governments. No major military or escalatory developments have occurred in the past 30 days, with focus shifting to Venezuela's transition timeline, potential elections, and US congressional oversight of foreign policy. Trader consensus weighs these stabilization factors against remote risks from narcotics indictments or regional instability.