The United States conducted a targeted military operation in Venezuela on January 3, 2026, resulting in the capture of President Nicolás Maduro without issuing a formal declaration of war under the Constitution or seeking congressional authorization. Subsequent developments include the swearing-in of interim President Delcy Rodríguez, the resumption of diplomatic and consular relations announced in March 2026, and new bilateral agreements facilitating Venezuelan oil exports and investment. These steps reflect a shift toward economic stabilization and political reconciliation rather than sustained armed conflict. No major escalation or legislative action toward war has occurred in the intervening months, and scheduled diplomatic engagements continue to support normalized ties. Traders assessing the likelihood of an official war declaration by a future cutoff date weigh these verified outcomes against the historical rarity of formal U.S. war declarations in modern interventions.