US forces conducted a targeted special operations raid in Venezuela on January 3, 2026, capturing Nicolás Maduro and his wife in a brief strike without establishing any sustained ground presence. Defense officials have since confirmed no US troops remain inside the country, while naval and air assets continue operating from Caribbean positions to support counter-narcotics and diplomatic pressure on the interim government under acting president Delcy Rodríguez. Recent prisoner releases and preliminary talks on reestablishing diplomatic relations have reduced immediate escalation risks, though ongoing instability around oil infrastructure and regime remnants keeps limited contingency planning active. Market pricing reflects low near-term odds of further entry, as administration statements have emphasized offshore leverage over occupation or nation-building scenarios.