IBOV 176,641 ▲ 0.51% IPSA 11,024 ▲ 1.05% IPC MEX 66,514 ▲ 0.82% MERVAL 3,229,324 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 ▲ 1.32% USD/BRL5.07▼ 1.23% USD/MXN17.42▼ 0.65% USD/CLP925.95▼ 0.75% USD/COP3,257▼ 0.16% USD/PEN3.39▼ 0.62% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.44% BRENT 86.25 ▲ 3.54% WTI 80.54 ▲ 3.07% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,061 ▲ 1.60% SILVER 59.11 ▲ 2.56% SOY 1,196 ▼ 0.48% CORN 461.25 ▲ 5.37% WHEAT 645.75 ▲ 2.99% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▲ 1.91% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,533 ▲ 1.00% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,783 ▲ 4.09% ETH 1,881 ▲ 6.04% SOL 77.59 ▲ 3.64% XRP 1.11 ▲ 3.93% BNB 582.00 ▲ 2.71% ADA 0.16 ▲ 4.69% DOGE 0.07 ▲ 3.03% AVAX 6.67 ▲ 3.50% LINK 8.35 ▲ 5.99% DOT 0.85 ▲ 2.09% LTC 45.20 ▲ 3.93% BCH 234.96 ▼ 0.54% TRX 0.33 ▲ 0.50% XLM 0.18 ▲ 1.94% HBAR 0.07 ▲ 1.09% NEAR 2.01 ▲ 4.66% ATOM 1.56 ▲ 1.37% AAVE 99.28 ▲ 5.21% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.14 ▲ 2.95% INTER 5.70 ▲ 0.89% IBOV 176,641 ▲ 0.51% IPSA 11,024 ▲ 1.05% IPC MEX 66,514 ▲ 0.82% MERVAL 3,229,324 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 ▲ 1.32% USD/BRL 5.07 ▼ 1.23% USD/MXN 17.42 ▼ 0.65% USD/CLP 925.95 ▼ 0.75% USD/COP 3,257 ▼ 0.16% USD/PEN 3.39 ▼ 0.62% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 0.44% BRENT 86.25 ▲ 3.54% WTI 80.54 ▲ 3.07% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,061 ▲ 1.60% SILVER 59.11 ▲ 2.56% SOY 1,196 ▼ 0.48% CORN 461.25 ▲ 5.37% WHEAT 645.75 ▲ 2.99% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▲ 1.91% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,533 ▲ 1.00% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,783 ▲ 4.09% ETH 1,881 ▲ 6.04% SOL 77.59 ▲ 3.64% XRP 1.11 ▲ 3.93% BNB 582.00 ▲ 2.71% ADA 0.16 ▲ 4.69% DOGE 0.07 ▲ 3.03% AVAX 6.67 ▲ 3.50% LINK 8.35 ▲ 5.99% DOT 0.85 ▲ 2.09% LTC 45.20 ▲ 3.93% BCH 234.96 ▼ 0.54% TRX 0.33 ▲ 0.50% XLM 0.18 ▲ 1.94% HBAR 0.07 ▲ 1.09% NEAR 2.01 ▲ 4.66% ATOM 1.56 ▲ 1.37% AAVE 99.28 ▲ 5.21% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.14 ▲ 2.95% INTER 5.70 ▲ 0.89%
since 2009
Wednesday, July 15, 2026

Latin America Venezuela

Washington Sends New Diplomat to Venezuela for Post-Maduro Plan

By · April 24, 2026 · 6 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

Key Points

John Barrett arrived in Caracas on April 23 as the new Chargé d’Affaires of the United States embassy, replacing Laura Dogu, who had led the mission since it reopened on March 30.

Barrett is tasked with implementing Secretary of State Marco Rubio’s three-phase plan: oil-supervised stabilization, economic recovery under Western investment, and a supervised transition to free elections before the end of 2026.

The appointment lands as the Inter-American Commission on Human Rights declared on April 23 that 2025 had been a year of “consolidation of a dictatorial regime” in Venezuela under the pre-capture Maduro government.

Barrett brings more than two decades of Latin American experience, fluency in Spanish and Portuguese, and comes from Guatemala where he had been Chargé since January 2026.

Deep Dive → Venezuela 2026 country guide — economy, post-Maduro transition, and the US-Delcy Rodríguez relationship

A career diplomat with posts in Recife, Lima, and Panama has just walked into the most politically sensitive American embassy in South America. His brief is to finish what a military operation in January started.

The Rio Times, the Latin American financial news outlet, reports that the new Venezuela US envoy arrived in Caracas on Thursday April 23 with a mandate almost unprecedented in modern Western Hemisphere diplomacy. John Barrett, who took up his post as Chargé d’Affaires at the US embassy in Caracas, is the man the Trump administration has chosen to push its three-phase post-Maduro plan through its next and most delicate stages.

“It is an honour to represent the United States at this historic moment in our relations with Venezuela,” Barrett said in a video posted by the embassy shortly after his arrival. He signed the message “JB”.

The moment is historic because of how quickly Washington and Caracas have rebuilt a diplomatic relationship that was functionally nonexistent for seven years.

Who the Venezuela US envoy replaces, and why

Barrett’s predecessor, Laura Dogu, formally announced her departure on April 15. She had led the US mission in Caracas since it reopened on March 30, seven years after the last US diplomats left at the start of the Maduro era. Dogu returns to her previous role as foreign policy adviser to the Chairman of the US Joint Chiefs of Staff, General Dan Caine.

Washington Sends New Diplomat to Venezuela for Post-Maduro Plan
Washington Sends a New Chief Diplomat to Venezuela to Push Trump’s Post-Maduro Plan Into Its Next Phase. (Photo Internet reproduction)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Dogu had framed her departure as a planned handover rather than a retreat. In her farewell statement she thanked President Trump and Secretary of State Marco Rubio for entrusting her with “the task of leading the implementation of their plan in Venezuela” and said the embassy team would continue advancing it “during this new stage of relations.”

That new stage is where Barrett inherits the brief. His background suggests Washington wants someone with deep regional roots rather than a short-term political appointee. Before Caracas, Barrett served as Chargé in Guatemala from January 2026, as Minister Counsellor at the US embassy in Panama from May 2023, as economic affairs counsellor in Peru, and as consul general in the Brazilian city of Recife.

He speaks Spanish and Portuguese. He has overseen humanitarian projects worth more than US$50 million. This is not someone being dropped into an acute crisis with no hemispheric grounding.

The three-phase Trump plan the Venezuela US envoy must now run

The plan Barrett has been sent to implement was outlined by Rubio on January 7, four days after US special forces captured Nicolás Maduro and his wife in a pre-dawn operation at Fuerte Tiuna in Caracas. Maduro was transferred to federal custody in New York to face narcoterrorism charges first announced in 2020.

Phase one is stabilization. Washington retains control over Venezuelan oil exports, allowing the supervised sale of up to 50 million barrels of crude under US oversight. Revenues sit in international accounts earmarked, in the administration’s framing, for the benefit of the Venezuelan people rather than the state.

Phase two is recovery. Western energy companies gain formal access to Venezuela’s oil sector, state oil company PDVSA is reformed to allow larger foreign stakes, and Trump has publicly committed to a US$100 billion investment framework. As the Rio Times documented this month, acting president Delcy Rodríguez has already passed a new Hydrocarbons Law in January and a new Mining Law on April 9 to operationalise this phase.

Phase three is the transition itself: supervised free elections, amnesty for political prisoners, the return of exiled opposition figures, and a formal handover of governance. Rubio’s target date is before the end of 2026. This is the phase Barrett has been sent to manage.

Why the third phase is the hardest one

The first two phases are, mechanically, trade and investment files that can be executed through sanctions and commercial deals. The third is a political contest with two centres of gravity: the Rodríguez government inside Venezuela, and the opposition network around María Corina Machado, the 2025 Nobel Peace Prize laureate who revealed new details of the Trump transition plan in an EFE interview on April 22.

Machado told EFE she maintains “communication” with figures inside the Venezuelan regime about a “peaceful transition process.” The statement was unusual in its precision. It confirmed what Washington analysts have been saying privately for months: the third phase is being negotiated through parallel channels, and Barrett’s embassy is only one of them.

The Inter-American Commission on Human Rights added complication on the same day Barrett arrived. In a statement on April 23, the Commission’s president Edgar Stuardo Ralón Orellana declared that 2025 had been a year of “consolidation of a dictatorial regime” in Venezuela under the pre-capture Maduro government.

The Commission also argued that any democratic transition should be accompanied by monitoring from human rights organisations. That framing pushes back against the Washington argument, as analysed in the Rio Times’ three-month review, that stability should be prioritised before democratisation.

The Delcy Rodríguez paradox the Venezuela US envoy inherits

The working reality Barrett steps into is a government that publicly demands Maduro’s release while privately cooperating with Washington on every major economic file. OFAC lifted sanctions on Venezuela’s Central Bank, three state banks, and Rodríguez herself in the first quarter of 2026.

Chevron expanded its Petroindependencia stake from 35.8% to 49% on April 13. The IMF projects Venezuelan GDP growth of 4% in 2026 and 6% in 2027.

At the same time, the minimum wage remains frozen at 130 bolívares, about US$0.27 at the official rate. Three minimum salaries now fit inside a single US dollar. CNN en Español reported on April 23 that Rodríguez has promised a “responsible” wage increase, but the structural improvement remains invisible to most Venezuelans.

Rodríguez, who called Maduro’s capture “barbaric” in public while accepting her role as acting president from the Supreme Tribunal, is the counterpart Barrett will work with daily. She is not a transitional figure in the classical sense. She has been vice president since 2018, oil minister, foreign minister, and finance chief.

Washington’s bet is that a cooperative Rodríguez is more useful than an elected opposition government that could refuse the investment terms already signed.

What to watch after the Venezuela US envoy’s first month

Three tests will define Barrett’s opening months. The first is whether the 50-million-barrel sale under phase one actually closes at the prices the White House has indicated, and whether the revenues end up where the Trump administration says they will.

The second is whether any release of political prisoners takes place on the path to phase three. The opposition’s baseline demand, backed by Machado and Edmundo González, is that detainees be freed before the formal transition is declared. Washington has so far not pushed hard on this file.

The third is the elections timeline itself. Rubio’s end-2026 target is ambitious. The institutional infrastructure of Venezuelan authoritarianism — a captured judiciary, a compliant security apparatus, a hollowed-out electoral council — remains intact under Rodríguez, and no independent electoral body currently exists that could run a supervised vote.

Barrett has shown, in Panama, Lima, and Recife, that he is comfortable inside Latin American bureaucratic ambiguity. Caracas in 2026 is a harder problem than any of those, because the ambiguity is the policy. Washington is negotiating, in public, with a government that Washington considers the remnant of the regime it just removed from power by military force.

The diplomat who ran US-Guatemala relations for three months is now being asked to turn that contradiction into a supervised democratic transition within nine months. If he succeeds, the Trump plan ends with an election before the 2027 calendar opens. If he does not, the phase-three framework collapses into whatever Rodríguez, Machado, and Trump negotiate directly.

Related coverage: Venezuela 2026 country guideDelcy Rodríguez’s 100-day economic pivotOil flows, democracy doesn’t: Venezuela three months after Maduro

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.