Delcy Rodríguez assumed Venezuela’s acting presidency in early January 2026 after U.S. forces captured Nicolás Maduro, operating initially under a Supreme Tribunal injunction that extended beyond the standard 90-day limit. Her tenure has been shaped by close coordination with the Trump administration on sanctions relief, oil-sector oversight, prisoner releases, and security cooperation, alongside domestic pressures from the United Socialist Party and military. Two major earthquakes in late June killed thousands, strained emergency response, and complicated stabilization efforts. U.S.-backed transition talks with opposition figures are scheduled to resume in August, while polling shows divided public views on leadership continuity versus elections. These elements frame trader assessments of the timing and conditions under which she might leave office.