Delcy Rodríguez has held Venezuela’s acting presidency since early January 2026, following the U.S. capture of Nicolás Maduro, and continues to exceed the initial 90-day constitutional limit without a formal extension vote. She has consolidated power through cabinet reshuffles in defense, interior, and economic posts while implementing oil-sector reforms and wage increases to stabilize governance and attract foreign investment. Recent U.S. sanctions relief in April 2026 and diplomatic engagement signal external acceptance of her interim role, yet internal pressures from Chavista hardliners and calls for new elections within the year create ongoing uncertainty. Upcoming factors include legislative decisions on extending her mandate and any shifts in U.S. policy that could accelerate or delay a broader political transition.