IBOV 172,236.05 ▲ 2.22% IPC MEX 72,104.80 ▲ 1.00% MERVAL 2,848,945 — — USD/BRL5.51▲ 0.04% USD/MXN18.52▼ 0.59% USD/CLP966.96▼ 0.99% USD/COP3,264▲ 0.73% USD/PEN3.41▼ 1.07% USD/ARS1,545▼ 0.02% USD/UYU40.45▲ 0.35% USD/PYG6,450▲ 1.45% USD/BOB11.74▼ 0.59% USD/DOP60.32▼ 0.45% USD/CRC446.56▼ 0.38% USD/GTQ7.64▼ 0.05% USD/HNL26.89▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES895.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.63▼ 0.12% USD/TTD6.72▼ 0.03% EUR/BRL6.18▲ 0.84% BRENT 92.20 ▼ 6.22% WTI 86.47 ▼ 4.80% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.58% GOLD 4,149 ▲ 1.83% SILVER 53.45 ▲ 3.18% SOY 1,187 ▼ 0.17% CORN 438.75 ▼ 0.62% WHEAT 587.50 ▼ 0.63% COFFEE 266.70 ▼ 4.75% SUGAR 18.21 ▼ 0.16% ORANGE JUICE 143.50 ▲ 7.85% COTTON 78.65 ▼ 0.58% COCOA 5,113 ▼ 0.81% BEEF 216.33 ▲ 1.06% CATTLE 324.80 ▲ 0.77% LITHIUM 61.35 ▲ 0.72% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81% IBOV 172,236.05 ▲ 2.22% IPC MEX 72,104.80 ▲ 1.00% MERVAL 2,848,945 — — USD/BRL 5.51 ▲ 0.03% USD/MXN 18.56 ▼ 0.36% USD/CLP 966.96 ▼ 0.99% USD/COP 3,274 ▲ 1.05% USD/PEN 3.41 ▼ 1.07% USD/ARS 1,545 ▼ 0.02% USD/UYU 40.45 ▲ 0.35% USD/PYG 6,450 ▲ 1.45% USD/BOB 11.74 ▼ 0.59% USD/DOP 60.42 ▼ 0.28% USD/CRC 446.56 ▼ 0.38% USD/GTQ 7.64 ▼ 0.05% USD/HNL 26.89 ▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES 895.29 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.64% USD/TTD 6.72 ▲ 2.40% EUR/BRL 6.18 ▲ 0.84% BRENT 92.20 ▼ 6.22% WTI 86.47 ▼ 4.80% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.58% GOLD 4,149 ▲ 1.83% SILVER 53.45 ▲ 3.18% SOY 1,187 ▼ 0.17% CORN 438.75 ▼ 0.62% WHEAT 587.50 ▼ 0.63% COFFEE 266.70 ▼ 4.75% SUGAR 18.21 ▼ 0.16% ORANGE JUICE 143.50 ▲ 7.85% COTTON 78.65 ▼ 0.58% COCOA 5,113 ▼ 0.81% BEEF 216.33 ▲ 1.06% CATTLE 324.80 ▲ 0.77% LITHIUM 61.35 ▲ 0.72% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81%
since 2009
Monday, November 9, 2026

Venezuela Latin America

Rubio Sees New Venezuela Court by December

By · · 5 min read
US Secretary of State Marco Rubio signing a document at a table
File photo, 2025. US Secretary of State Marco Rubio and Guyana's Foreign Minister Hugh Todd sign a security cooperation memorandum of understanding in Georgetown on 27 March 2025. (Photo: US Department of State, public domain, via Wikimedia Commons)

Politics: Venezuela

Published Monday, 9 November, 5:24 p.m. ET (6:24 p.m. Caracas) · Source: US Secretary of State Marco Rubio (public remarks), US State Department, Venezuelan National Electoral Council

Venezuela’s long road back to an election just got its first dated milestone. US Secretary of State Marco Rubio said on Monday, 9 November 2026, that new justices should sit on the country’s Supreme Court by mid-December, with a new electoral council created “very quickly” afterwards.

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Washington is steering this process, as our guide to the Venezuela US tensions standoff explains. The order of the steps matters, because no presidential vote can be called until the first two are done.

Key Facts

  • What happened. Rubio expects new Supreme Court justices in office by mid-December 2026.
  • What next. A new electoral council follows “very quickly”; then a vacancy declaration and a vote within six months.
  • Still missing. No election date, and no named justices or council members.
  • Prediction markets. Polymarket gives 35.0% that Venezuela schedules a presidential election by 31 March 2027 (9 Nov 2026, 5:21 p.m. ET).

This story is part of our coverage of the venezuela us tensions. Dates, times and how to follow it are in our guide.

Latest: Venezuela Says All Parties Can Join Election

In plain English

Venezuela’s courts and election authority were controlled by the former government, and Washington says they must be replaced before a vote can be trusted. Rubio laid out the order: new court, new election body, then a formal declaration that the presidency is vacant, which starts a six-month countdown to an election.

What Rubio Said About the Timetable

Rubio spoke to reporters in Paris, where foreign ministers of the Group of Seven (G7) wealthy democracies were meeting. “If things continue like this, we will have new Supreme Court justices in office by the middle of next month, in December,” he said.

“Afterwards, very quickly, the new Electoral Council will be created.” The Supreme Tribunal of Justice (TSJ) is Venezuela’s top court.

The National Electoral Council (CNE) runs elections and counts the votes. Rubio said negotiations over the new institutions continue this week.

“I think we are making good progress,” he said, adding that officials must stay on top of the process to meet the deadlines.

US Secretary of State Marco Rubio speaking at a lectern next to Guyana's President Irfaan Ali
File photo: US Secretary of State Marco Rubio at a news conference with Guyana’s President Irfaan Ali.

The Four Steps Between Now and a Vote

A senior State Department official described the roadmap on 26 October. It expects Delcy Rodríguez, who leads Venezuela’s government as acting president, to declare the presidency vacant once the new court and electoral council are in place.

That declaration, known as a “falta absoluta”, would open a window of up to six months to hold a presidential election. The new electoral council would then set the date, and Rubio has given none.

Machado and the Opposition Are Back

Rubio named three conditions for a credible vote: an independent court, a technical electoral body and a free press. He added that elections cannot be credible if candidates cannot reach voters.

María Corina Machado, the opposition leader who won the 2025 Nobel Peace Prize, returned to Venezuela on 25 October after nearly ten months abroad. Rubio said she and other opposition leaders have now been home for more than two weeks without being arrested, and called that “very good”.

Why Voters Abroad Are Part of the Plan

Rubio said roughly seven million Venezuelans live outside the country and need a way to vote. “We need open consulates in the United States so that those in the United States can vote,” he said, noting that Venezuela currently has none open there.

No date has been given for reopening them. For the large Venezuelan communities in Florida and Texas, that is the practical test of the whole plan.

What Prediction Markets Say

Polymarket, a prediction market, gives 35.0% that Venezuela schedules a presidential election by 31 March 2027, and 8.5% by 31 December 2026. More than US$676,000 has been traded on the question; prices are bets, not polls, and were read at 5:21 p.m. ET on 9 November 2026.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

What It Means for US Readers

The timetable is a Washington product, so a slip in December would be a visible test of US influence in Caracas. Oil investors and sanctions lawyers should watch the court appointments first, since the new justices will shape how business disputes and any sanctions relief are handled.

Venezuelan-Americans should watch the consulates. Without them, voting from the United States has no practical route.

What Is Not Known

The next test is the court: justices sworn in around 15 December would confirm the timetable, while a slip into January would push any vote later. Nobody has said who the new justices or electoral council members will be, or how they will be chosen. The mid-December date rests on Rubio’s own statement.

Venezuela’s government had not commented at the time of writing.

Frequently Asked Questions

When could Venezuela have a new Supreme Court?

Rubio said new justices could be in office by mid-December 2026 if things continue as planned. A new electoral council would follow very soon after.

When would Venezuela hold a presidential election?

No date is set. Under the roadmap, a vote would come within six months of a presidential vacancy declaration, which follows the installation of the new court and electoral council.

Sources: US State Department (Venezuela), state.gov; Consejo Nacional Electoral (CNE), cne.gob.ve; Rubio’s public remarks, 9 November 2026; Polymarket, 9 November 2026.

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