Rodríguez

April 16 (UPI) — Venezuelan interim President Delcy Rodríguez has hired U.S. attorney and lobbyist Jihad M. Smaili to represent her interests in Washington and support groundwork for a possible presidential campaign, according to filings with the U.S. Department of Justice.

Records filed under the Foreign Agents Registration Act show Smaili will act as a foreign agent for Rodríguez, including assisting with her “future political campaign” ahead of Venezuela’s next presidential election, though no date has been set for the vote.

According to the filing, Smaili will represent Rodríguez in pending and future litigation involving Petróleos de Venezuela, S.A., Citgo and creditor claims. He will also provide daily advice on matters involving the U.S. State Department and the White House, independent news organization Efecto Cocuyo reported.

The contract said Smaili will “provide daily advice and counsel to the foreign principal on matters involving the Department of State and the president of the United States, including advice on how to strengthen and advance the current relationship for the benefit of the Venezuelan people.”

The agreement also describes Rodríguez as a candidate in Venezuela’s upcoming presidential elections and includes support for her “future political campaign.”

The move comes shortly after the United States lifted personal sanctions on Rodríguez and recognized her as a legitimate authority in Venezuela’s political transition.

According to Infobae, Smaili also will advise on retaining law firms involved in litigation tied to oil companies, as well as creditor claims related to cases involving the Revolutionary Armed Forces of Colombia, or FARC.

Citgo, PDVSA’s U.S.-based refining and marketing subsidiary, is at the center of multiple creditor disputes as international claimants seek to seize the asset to satisfy unpaid Venezuelan debts. A federal court in Delaware has authorized the sale of shares in the company to help cover claims totaling about $20 billion.

U.S. victims of FARC-related violence are also seeking to participate in the auction and recover about $318 million in damages.

Caracas, April 15, 2026 (venezuelanalysis.com) – The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued two new general licenses on Tuesday facilitating transactions with Venezuelan state institutions.

 for Venezuela on Tuesday: a commercial license (No. 56) and a financial license (No. 57), signaling a partial easing of restrictions while maintaining key controls.

General License 56 (GL56) authorizes US entities to negotiate and sign “contingent contracts” for future commercial operations in Venezuela. This allows firms to move forward with agreements, investments, or projects, though their final execution remains subject to separate OFAC approval.

The waiver maintains important restrictions, including a ban on payments in gold or cryptocurrencies, as well as prohibitions on transactions involving China, Russia, Iran, North Korea, and Cuba. It likewise forbids transactions involving Venezuelan debt and does not unblock currently frozen Venezuelan assets.

For its part, General License 57 (GL57) permits a broad range of financial operations with the Venezuelan Central Bank (BCV), as well as Venezuela’s public banks: Banco de Venezuela, Banco Digital de los Trabajadores, Banco del Tesoro, and entities in which these institutions hold a 50 percent or greater stake.

The allowed transactions include opening and managing accounts, conducting US dollar transfers, issuing loans, and providing banking services. The BCV was sanctioned in April 2019, effectively isolating Venezuela from international financial circuits and increasing costs for basic transactions.

The latest sanctions waivers are expected to facilitate financial flows to the Venezuelan economy, including the transfer of Venezuelan oil revenues that are currently controlled by the Trump administration. US authorities have returned a confirmed US $500 million out of an initial deal estimated at $2 billion, while US and Venezuelan officials have confirmed the purchase of US-manufactured medicines and hospital equipment using Venezuelan funds.

Analyst Hermes Pérez warned that reincorporation into the SWIFT system and establishment of US-based accounts could take several months due to security and technological requirements. Other economists argued that GL57 could allow the Central Bank to stabilize the Venezuelan foreign exchange system.

For several years, a parallel exchange rate between the US dollar and the Venezuelan bolívar has coexisted with the official one set by the Central Bank, often with a gap above 50 percent that fueled distortions in retail activities and currency speculation.

Since the January 3 military strikes and kidnapping of Venezuelan President Nicolás Maduro, the Trump administration has issued several licenses to expand US influence in the Caribbean nation, particularly in key economic sectors such as hydrocarbons and mining.

In parallel, Venezuelan authorities have promoted several pro-business reforms, while multiple Trump officials and corporate executives have come the South American country and held meetings with the acting government led by Delcy Rodríguez.

The latest waivers coincided with the visit to Caracas of a US Department of Energy delegation led by Assistant Secretary Kyle Haustveit. Rodríguez hosted the official on Wednesday in a work meeting at the presidential palace.

During a short, televised intervention, Rodríguez argued that OFAC licenses do not provide sufficient “legal certainty” and reiterated calls for Trump to lift unilateral coercive measures against the country.

“An investor requires greater legal certainty. A license does not provide long-term legal guarantees because it is subject to temporality,” she argued. Rodríguez claimed Washington and Caracas have “enough maturity” to establish “long-term” energy cooperation ties.

“We are working very hard on changes that can attract investment, and which can build an energy cooperation agenda with the United States,” she said.

Rodríguez additionally disclosed recent meetings with representatives from ExxonMobil and ConocoPhillips, stating that authorities have “taken into account recommendations” from oil majors in recent legislative overhauls. Both ExxonMobil and ConocoPhillips refused to accept hydrocarbon reforms under former President Hugo Chávez in the 2000s, later securing multi-billion-dollar arbitration awards against the Caracas as compensation for the nationalization of their assets.

Haustveit and the Energy Department delegation were also present on Monday during the signing of agreements with Chevron that granted the Texas-based conglomerate an increased stake in the Petroindependencia joint venture and awarded an additional extra-heavy crude bloc for exploration to the Petropiar mixed company. Chevron owns minority stakes in both joint enterprises with Venezuelan state oil company PDVSA.

Shell, Eni and Repsol are among the other energy giants to have recently advanced in deals with the Venezuelan government under the improved conditions of the new Hydrocarbon Law.

US Chargé d’Affaires in Venezuela Laura Dogu was also present at the Chevron deal-signing ceremony and the meeting with Haustveit’s delegation. However, the White House announced Wednesday that her post will be taken over by veteran diplomat John Barrett.

Barrett, who previously served as chargé d’affaires at the US Embassy in Guatemala since January 21, 2026, was recently accused by Guatemalan President Bernardo Arévalo of interference during judicial elections for the Constitutional Court held in March.

Edited by Ricardo Vaz in Caracas.

Caracas, April 13, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez inked new agreements with Chevron on Monday allowing the US energy giant to expand its presence in the country’s oil industry.

In a televised broadcast, Rodríguez, who was accompanied by officials from Venezuelan state oil company PDVSA and the Hydrocarbon Ministry, praised Chevron’s “commitment” to Venezuela.

“Chevron, with more than a century of presence in Venezuela, is an example of an oil company committed to Venezuela,” she said. “I salute this agreement as an example that there are legal pathways for investment to be assured and prosper.“

The Venezuelan acting president reiterated calls for the lifting of US sanctions against the Caribbean nation. US Chargé d’Affaires to Venezuela Laura Dogu was present at the ceremony and exchanged brief words with Rodríguez. US Assistant Energy Secretary Kyle Haustveit was also in attendance with a delegation from the US Energy Department.

The new contracts grant Petropiar, a joint venture with Chevron participation, the Ayacucho 8 bloc as the Houston-based conglomerate looks to expand its production of extra-heavy crude in the Orinoco Oil Belt. PDVSA completed exploration and appraisal of the 500 square-kilometer bloc but development has been limited.

Chevron owns minority stakes in four joint projects with PDVSA that currently produce about a quarter of Venezuela’s oil output. The agreements with the Venezuelan government will also see Chevron increase its stake in Petroindependencia, another mixed venture with PDVSA, from 36 to 49 percent. In exchange, it will relinquish its stakes in the offshore Loran natural gas field.

For his part, Chevron executive Javier La Rosa, thanked the Venezuelan and US governments for their support and praised the “strengthening” of Chevron’s position in the Orinoco Oil Belt. “Chevron is determined to be a reliable partner and establish win-win relations,” he said.

The exploration of the 7.3 trillion cubic feet (tcf) Loran field, which is part of the Loran-Manatee joint deposit with Trinidad and Tobago, will reportedly be turned over to Shell. The UK-based multinational is also involved in several natural gas projects in Venezuelan waters and similar agreements with the Rodríguez administration are expected in the coming days.

In addition, Shell also closed a deal to take over the Carito and Pirital oilfields from PDVSA’s Punta de Mata division in eastern Monagas state. The projects produce light and medium crudes, as well as natural gas.

The new contracts were signed under the pro-business provisions established by a January overhaul of Venezuela’s Hydrocarbon Law. In a recent interview, National Assembly President Jorge Rodríguez stated that the reform incorporated “suggestions” from Western corporate giants, including Repsol.

The updated legislation grants private corporations expanded control over operations and sales, slashes royalties and income tax, and allows legal disputes to be settled in international arbitration bodies. The reform likewise allows PDVSA to lease out projects to private companies in exchange for a fixed share of the output.

Since the January 3 US bombings and kidnapping of President Nicolás Maduro, the Trump administration has exerted control over the Venezuelan oil industry, granting waivers to boost the involvement of Western conglomerates and mandating that royalty, tax, and dividend payments owed to Venezuela be made to US Treasury-run accounts. 

Financial sanctions against PDVSA, as well as threats of secondary sanctions against firms that do not receive Washington’s green light, remain in place. On Monday, Secretary of State Marco Rubio vowed that the US “would not allow” geopolitical adversaries such as China, Iran, and Russia to have a significant presence in the Venezuelan oil industry.

“We don’t need Venezuela’s oil,” he said in an interview. “What we’re not going to allow is for the oil industry in Venezuela to be controlled by adversaries of the United States.”

Venezuelan crude production increased in March to 988,000 barrels per day (bpd), up from 909,000 bpd in February, according to OPEC secondary sources. The figure is the highest output since the imposition of a US export embargo in January 2019.

For its part, PDVSA reported 1.095 million bpd of production last month, with a 75,000 bpd increase compared to February. The direct and secondary measurements have differed over time due to disagreements over the inclusion of natural gas liquids and condensates. Venezuelan Oil Minister Paula Henao announced a 1.3 million bpd target for the end of 2026.

According to Reuters, Venezuelan oil exports surpassed 1 million bpd in March, driven by several shipments to India’s leading refiner, Reliance Industries, amid the US-Israeli war against Iran and the latter’s closure of the Strait of Hormuz that has disrupted global energy flows and sent crude prices upwards of $90 per barrel

However, Venezuelan authorities have offered no information about the US-controlled oil exports, including details regarding the transfer of proceeds to Caracas. The White House has confirmed the return of US $500 million to Caracas out of an initial deal estimated at $2 billion, while Venezuelan officials have reported the purchase of US-manufactured medicines and equipment using “unblocked” funds.

Edited by Lucas Koerner in Fusagasugá, Colombia.

Caracas, April 9, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez announced a series of upcoming reforms concerning Venezuela’s labor, tax, and pension frameworks during a press conference on Wednesday, April 8. 

Addressing her cabinet at Miraflores Presidential Palace, Rodríguez unveiled the creation of a commission made up of representatives from the state, business sector, active workers, and pensioners to “review labor conditions, address precariousness, and strengthen the social security system.”

Rodríguez acknowledged deficiencies in areas such as working hours, vacation benefits, and pensions, arguing that the present social security system is not sustainable due to insufficient contributions from active workers and the private sector.

The acting president disclosed an upcoming increase to workers’ incomes on May 1, but did not specify if it would come in the form of an adjusted minimum wage or non-wage bonuses. Rodríguez warned that salary adjustments must be “responsible” so that they do not trigger inflation.

Venezuelan authorities have discussed the prospect of reforming the 2012 Labor Law for several months, installing several dialogue commissions and public debates.

The existing labor law, approved by former President Hugo Chávez, prohibits unfair dismissal and outsourcing, enshrines the world’s third-longest maternity leave, guarantees the right to work for both women and people with disabilities, and extends retirement pensions to all workers, including full-time mothers and the self-employed. However, trade unions have pointed out that state institutions and the Labor Ministry have reduced their enforcement of the law in recent years.

Rodríguez’s public broadcast came hours before workers and unions staged a mobilization in Caracas demanding higher wages, improved working conditions, and the repeal of statutes that suspended several collective bargaining rights. In recent protests, workers have called for an end to the government’s bonus-based wage policy and the restoration of collective bargaining agreements.

Venezuela’s minimum wage has remained unchanged since March 2022 at 130 bolívares per month—equivalent at the time to around US $30 but presently worth approximately $0.27 at the official exchange rate.

With the economy heavily constrained by US sanctions, the Venezuelan government relied on non-wage bonuses—paid in bolívares but pegged at a fixed US dollar amount. A recent increase took the so-called Economic War Bonus, paid to public sector employees, to $150 a month. Coupled to a $40 food bonus, it brought the floor income to $190.

Public sector retirees and pensioners receive $130 and $60 Economic War bonuses, and do not access the food bonus.

For their part, business sector representatives have demanded changes to the labor law that reduce costs for employers before any adjustment to the minimum wage. Amid ongoing discussions with the International Labour Organization (ILO), private sector organizations proposed modifying Article 122 of the Labor Law, which establishes that severance payments are calculated based on the last salary earned by the worker.

Tax reform and state asset review

Rodríguez also announced the immediate convening of a National Economic Council tasked with designing a more “efficient” tax model aimed at making Venezuela “more competitive.”

“I hope that this council can produce a new tax model that can generate consensus among the different economic sectors in the country,” the Venezuelan leader stressed. 

She further enacted the Law on Streamlining and Optimization of Administrative Procedures, previously approved by the National Assembly, which seeks to modernize public administration by reducing bureaucracy and incorporating digital tools. According to Rodríguez, the law grants the executive authority to eliminate procedures, shorten timelines, and improve coordination between institutions.

In addition, she ordered the creation of a mixed commission to evaluate which state-owned assets have “strategic” importance, potentially opening some to private investment. However, she clarified that the hydrocarbons sector will remain under state control. The Cisneros group, one of Venezuela’s largest conglomerates, recently announced plans to raise funds ahead of an “expected wave of privatizations.”

The Venezuelan acting administration’s wholesale reform plans follow a recent pro-business overhaul of the Hydrocarbon Law in late January. The South American country’s National Assembly is likewise close to approving a new Mining Law with the goal of attracting foreign investment for extractive activities.

On Wednesday, Rodríguez additionally called for reforms to the country’s housing laws, claiming that there are half a million “frozen” properties presently that could be incorporated into the real estate market.

The acting president’s final announcement was a nationwide “pilgrimage” scheduled from April 19, Venezuela’s Independence Day, to May 1 to demand the lifting of US unilateral coercive measures against the Caribbean nation. While the Trump administration has issued selective and restrictive licenses to favor the participation of Western companies in the Venezuelan oil and mining sectors, wide-reaching sanctions remain in place.

Edited by Ricardo Vaz in Caracas.

Caracas, April 2, 2026 (venezuelanalysis.com) – The US Treasury Department removed Venezuelan Acting President Delcy Rodríguez from the Office of Foreign Assets Control (OFAC) “Specially Designated Nationals” list on Wednesday, April 1.

Rodríguez had been on the list since 2018. The sanctioned individuals are barred from any sort of economic or financial relationship with US entities and have any US-based assets frozen.

The Venezuelan acting head of state reacted to the decision with a message on her X account, calling it “a step in the direction of normalizing and strengthening relations between our countries.”

Rodríguez added that she is confident this step will lead to the lifting of all sanctions currently in place against Venezuela “in order to guarantee an effective binational cooperation agenda” that benefits both Washington and Caracas. In recent weeks, the Trump administration has issued licenses allowing Western corporations to engage with the Venezuelan energy and mining sectors, but wide-reaching coercive measures remain in place.

The US government targeted Rodríguez in September 2018, Trump’s first presidential term, alleging that the then–vice president was part of a group that contributed “to the destruction of democracy.” The same round of sanctions targeted First Lady and Deputy Cilia Flores, as well as Vladimir Padrino López and Jorge Rodríguez, who respectively served as defense and communications ministers at the time.

Delcy Rodríguez denounced the 2018 measures as “illegal” and “unjust,” arguing that they were part of an “economic blockade” that undermined her country’s right to food, health, and sovereignty.

The Venezuelan leader’s sanctions removal opens the door for direct engagement with US entities and multilateral organizations such as the IMF. Creditors have likewise expressed intentions to launch renegotiation efforts surrounding Venezuela’s sizable foreign debt.

The Trump administration’s move comes on the heels of a fast-tracked rapprochement with Washington that Rodríguez has spearheaded since the January 3 attacks and kidnapping of President Nicolás Maduro. Rodríguez, who took over the acting presidency, has hosted a number of high‑ranking US officials, among them Trump Energy Secretary Chris Wright.

Similarly, last week Rodríguez took part via videoconference in a business gathering in Miami organized by Saudi Arabia’s Future Investment Initiative Institute. During her address, she touted the country’s recent pro-business reforms and urged investors to come to Venezuela.

Caracas and Washington formally reestablished diplomatic ties on March 5, with the Trump administration recognizing the acting president as Venezuela’s “sole” leader days later.

Regaining control of CITGO

The lifting of coercive measures against the Venezuelan acting president raised the possibility of the Rodríguez acting government retaking control of US-based assets that had been frozen and placed under the control of the hardline opposition. According to Reuters, Venezuelan authorities are preparing to take control of the boards of directors of the US subsidiaries of state oil company PDVSA, including refiner CITGO. However, the US State Department must also sign off on the appointments.

This past March, PDVSA’s board ratified Asdrúbal Chávez, cousin of the late Venezuelan President Hugo Chávez, as director of all its US subsidiaries. Nonetheless, Chávez, who was previously denied a US visa to run Houston-based CITGO, has been unable to manage the companies for more than seven years.

CITGO has been administered since 2019 by boards of directors appointed by a defunct Venezuelan opposition‑led National Assembly whose term expired in January 2021. The company, which is Venezuela’s most valuable foreign asset, underwent a long and protracted court-mandated auction to satisfy creditor demands which concluded with a winning bid from vulture fund Elliott Management.

The CITGO sale requires a US Treasury license in order to conclude. The Trump administration has not publicly disclosed whether it will greenlight or halt the ownership transfer.

Edited by Ricardo Vaz in Caracas.

Mérida, March 31, 2026 (venezuelanalysis.com) – The Venezuelan government has officially retaken control of its diplomatic headquarters in Washington, DC, as part of the two countries’ diplomatic rapprochement.

The move followed days of high-level activity in the US capital by a Venezuelan delegation with the aim of rehabilitating consular services for hundreds of thousands of nationals residing in the United States.

On Thursday, Venezuelan officials re-hoisted the national flag at the diplomatic mission buildings, which had been under the “temporary control” of the US State Department since 2023.

The properties, including the embassy in Georgetown and the ambassador’s residence, were previously handed over to the self-proclaimed “interim government” led by Juan Guaidó after the first Trump administration recognized it as Venezuela’s legitimate authority in 2019. The Venezuelan embassy was forcefully taken over by security forces after a group of solidarity activists attempted to defend it from the US-backed hardline opposition.

Caracas’ delegation, sent by Acting President Delcy Rodríguez, was led by Félix Plasencia, Venezuela’s Chargé d’Affaires to the US, and Oliver Blanco, Vice-Minister for Europe and North America. The group inspected the facilities, and Plasencia confirmed that the buildings would undergo an immediate “rehabilitation process” to resume institutional functions.

“This is a significant achievement in the protection of our national assets,” Plasencia stated via social media, sharing images of the Venezuelan flag outside diplomatic venues.

“We are working to reinstate these spaces as a service to all Venezuelan citizens, to support them in their consular needs, the authentication of their identity documents, and the protection of their rights abroad,” he added.

According to Blanco, the delegation held meetings with several State Department officials last week with the purpose of “exploring opportunities to strengthen the bond between both nations” and establishing a permanent presence to address bilateral interests, specifically in trade, migration, and energy.

Venezuela’s retaking of its diplomatic facilities on US soil was made possible by the US Treasury Department’s Office of Foreign Assets Control (OFAC) issuing General License 53.

The sanctions waiver allows the provision of goods and services to Venezuela’s diplomatic missions, allowing them to engage in financial transactions to ensure the normal functioning of consular activities.

Since 2019, Venezuelans residing in the US have faced hurdles to access official channels for passport renewal and birth certificate issuance, and have been forced to seek alternative solutions through third-country consulates or by utilizing expired documentation. 

Venezuelan migrants have also been heavily targeted by the Trump administration’s anti-migration crackdown, with hundreds of thousands placed at risk of deportation with the suspension of Temporary Protected Status (TPS) and the CHNV parole program. US and Venezuelan authorities presently coordinate three weekly deportation flights.

Caracas and Washington fast-tracked a diplomatic re-engagement in the wake of the January 3 military attack that saw US special forces kidnap Venezuelan President Nicolás Maduro and First Lady Cilia Flores. The pair is currently facing charges including drug trafficking conspiracy.

The two countries formalized the reestablishment of diplomatic ties on March 5 following a seven-year hiatus. Days later, the Trump administration recognized Rodríguez as Venezuela’s “sole” authority. On Monday, the US State Department announced the reopening of the US embassy in Caracas.

Since January, the acting president has hosted multiple White House officials who have praised her government’s pro-business reforms in the energy and mining sectors. For her part, Rodríguez has defended diplomacy and the prospect of “mutually beneficial” relations with the US.

“Faith diplomacy” gathering

The Rodríguez administration’s outreach to the US recently included a high-profile “faith diplomacy” gathering with evangelical pastors. Venezuelan authorities stated that the meeting aimed to promote “peace and spiritual union.”

The Friday event in the Poliedro in Caracas featured prominent international religious figures alongside Venezuelan cabinet members and the national evangelical community. The guest of honor was Pastor Ramiro Abel Peña Jr., a key figure in the “Office of Faith-Based and Neighborhood Partnerships” during Trump’s first term and a current spiritual advisor to the US President.

Peña, a pastor from the “Christ the King” Baptist Church in Waco, Texas, has cultivated close ties with the Trump family and has been a vocal advocate for hardline evangelical and zionist causes. During the event, Peña led the central prayer for the “restoration” and “blessing” of Venezuela.

He was joined by other international religious leaders such as Pastor Roosevelt Fonseca of the “Christian Life Mission” (Colombia-USA), who participated in “revival prayers” intended to foster social cohesion during the 2026 Holy Week.

For her part, Rodríguez called for “an end to hatred” and reaffirmed the government’s commitment to a national amnesty law that has seen thousands released from prison or have their judicial cases dropped. She urged a prayer for an end to US sanctions and advocated for Venezuelans to look to “the words of Jesus” as a guide to overcoming the country’s struggles.

Edited by Ricardo Vaz in Caracas.

Caracas, March 25, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez has reiterated calls for foreign investment in the Caribbean nation.

Addressing the FII PRIORITY Miami Summit, Rodríguez showcased Venezuela’s economic growth and lauded the investment opportunities in the country’s vast oil, natural gas, gold, and other mineral resources. The Venezuelan leader highlighted the recent pro-business overhaul of the country’s Hydrocarbon Law and other upcoming reforms as key in generating “flexibility,” “guarantees,” and “security” for investors.

“The new Hydrocarbon Law creates important mechanisms for private sector control over production and commercialization,” Rodríguez said in her video message from Caracas. “It also creates flexible fiscal arrangements and establishes alternative conflict-resolution processes such as international arbitration.”

The acting president added that 64 percent of the price of a barrel is up for “negotiations with investors” in terms of reduced royalties and taxes, as well as dividends. 

Approved in late January by the Venezuelan National Assembly, the new Hydrocarbon Law allows the executive to reduce taxes and royalties at its discretion. The reform also grants expanded control to private corporations, curtailing the state’s sovereignty over the industry established under Hugo Chávez under the 2001 Hydrocarbon Law and subsequent reforms.

In her remarks, Rodríguez urged “de-ideologization,” vowing, “regardless of different [political] views, a favorable climate can be created so that investors have the mechanisms so that their investments foster returns.” She added that she has met with representatives from 120 multinational corporations since January. 

“Our reforms are a call for investors to participate,” Rodríguez stated. She went on to press for greater Latin American economic integration and for an end to unilateral sanctions against Venezuela, though she refrained from mentioning the US by name.

The Future Investment Initiative (FII) Institute is a non-profit run by Saudi Arabia’s Public Investment Fund and holds regular conferences bringing together business executives, analysts, and political leaders.

Rodríguez’s participation in the Saudi initiative came amid unprecedented energy market volatility as a result of the US and Israeli war against Iran. In spite of strong Venezuelan ties with Iran over the past 25 years, the Rodríguez administration has not taken a firm stance on the conflict, having published and later withdrawn a controversial statement. Caracas expressed solidarity with Qatar and the UAE after Iran retaliated against US military assets in the region.

The Venezuelan leader’s Wednesday message to investors in Miami followed a meeting with business executives at Miraflores Presidential Palace on Tuesday. The companies represented were not disclosed, though Houston-based oil giant Exxon Mobil has confirmed it has a team in Caracas “looking to assess the state of the resource that’s there.”

Rodríguez delivered a similar pitch hailing Venezuela’s natural resource potential and the prospects for foreign conglomerates opened by ongoing reforms. She appealed for the full lifting of sanctions, arguing that US Treasury licenses hurt investor confidence.

Since January, the Trump administration has issued a number of sanctions waivers allowing Western entities to engage with the Venezuelan energy and mining sectors. The licenses block transactions with companies from China, Cuba, Iran, North Korea, and Russia.

Additionally, the Treasury exemptions mandate that all royalty, tax, and dividend payments destined for Venezuelan state entities be deposited in US-run accounts. Washington currently controls Venezuelan oil proceeds, having returned a reported US $500 million, out of an initial $2 billion agreement, to Caracas.

On Tuesday, Rodríguez likewise announced the imminent departure of a Venezuelan diplomatic mission to Washington. Félix Plasencia, slated to become the country’s ambassador to the US, will lead the delegation.

“Our delegation will manage this new stage of diplomatic relations and dialogue between our two countries,” she affirmed.

Caracas and Washington fast-tracked a diplomatic rapprochement in the wake of the January 3 US attacks against Venezuela and kidnapping of President Nicolás Maduro and First Lady Cilia Flores. The two governments reestablished diplomatic relations in early March after a seven-year hiatus. The Trump administration went on to recognize Rodríguez as Venezuela’s “sole leader” days later.

Rodríguez, who had served as vice president since 2018, assumed the presidency in an acting capacity on January 5 with the endorsement of the Venezuelan National Assembly and Supreme Court, which declared Maduro’s absence as temporary.

Maduro and Flores pleaded not guilty to charges including drug trafficking conspiracy and will have a court hearing on Thursday. US officials have not presented evidence to sustain reiterated “narcoterrorism” accusations against Venezuelan leaders, while data from specialized agencies has found Venezuela to play a marginal role in global narcotics trafficking.

Edited by Lucas Koerner in Fusagasugá, Colombia.

MIAMI — Secretary of State Marco Rubio testified in court that he had no knowledge that former Florida congressman David Rivera was lobbying on behalf of Venezuela’s government — as prosecutors later alleged — when he met with his longtime friend to discuss U.S. policy toward the South American country several times at the start of the first Trump administration.

“I would’ve been shocked” had I known, Rubio said in almost three hours of testimony Tuesday at Rivera’s federal trial in Miami.

Rivera and an associate were charged in 2022 with money laundering and failing to register as a foreign agent after being awarded a $50-million lobbying contract by Nicolás Maduro’s government.

Prosecutors allege that the goal of the lobbying effort was to persuade the White House to normalize relations with Venezuela, while Rivera’s attorneys argue that the three-month contract, which ended before Rivera met with Rubio, was focused exclusively on luring Exxon Mobil back to Venezuela — commercial work that is generally exempt from the Foreign Agents Registration Act.

As part of his work, Rivera and his co-defendant are accused of trying to arrange meetings for then-Foreign Minister Delcy Rodríguez — now Venezuela’s acting president — in Dallas, New York, Washington and Caracas, Venezuela, with White House officials, members of Congress and the chief executive of Exxon.

Rubio testifies, an unusual move

In sometimes deeply personal testimony Tuesday, Rubio discussed at length friendships that date back to the start of his political career as an aide to Bob Dole’s 1996 presidential campaign and a West Miami council member.

Testifying in a packed courtroom with heightened security, Rubio said he and Rivera became “very close” when they overlapped as members of the Florida Legislature. The two Cuban American Republicans co-owned a house in Tallahassee, celebrated family events together and ardently opposed Venezuela’s socialist government when both went to Washington at the same time — Rubio elected to the Senate, Rivera to the House.

So when Rivera texted Rubio in July 2017 that he needed to see him urgently to discuss Venezuela, they agreed to meet the next day, a Sunday, at a friend’s home in Washington where the then-senator was staying with his family, Rubio said.

At the meeting, Rivera informed Rubio that he was working with Raul Gorrín, a media magnate in Venezuela, on what he described as a plan for Maduro to step aside.

“I was skeptical,” said Rubio, adding that the Maduro government was full of “double dealers” constantly pitching unrealistic plans to unseat Maduro. “But if there was a 1% chance it was real, and I had a role to play alerting the White House, I was open to doing that.”

Rubio said he had no knowledge Rivera was himself working for Maduro, as prosecutors would later allege. Rubio said he doubted Gorrín would betray Maduro even when the former congressman opened his laptop and showed millions of dollars in a Chase bank account that he was told were payments from the businessman to Venezuela’s opposition.

“It was an impressive amount,” Rubio said. “He didn’t tell me whose account it was. He said it was to support the opposition.”

Two days later, borrowing talking points provided by Rivera, Rubio wrote and delivered a speech on the Senate floor signaling the U.S. would not retaliate against Venezuelan insiders who worked to push Maduro from power.

“He provided me with insight into some of the key phrases that regime insiders would’ve wanted to hear to know this was serious,” Rubio testified. “No vengeance, no retribution.”

Rubio also spoke to Trump, alerting the president in his first term that there may be something “brewing” with Venezuela.

‘A total waste of my time’

But the peacemaking effort collapsed almost immediately. At a second meeting at a Washington hotel, Gorrín failed to produce a promised letter from Maduro to Trump that he wanted Rubio to hand-deliver to the president.

“It was a total waste of my time,” Rubio testified.

Shortly afterward, Trump imposed heavy sanctions on Maduro and members of his inner circle for their decision to go forward with what Rubio called a “fake election” to empower a constituent assembly that undercut the opposition-controlled legislature.

By that time, the senator hewed closely to the Trump administration’s hard line. He taped a rare 10-minute address to the Venezuelan people in July 2017, a day after the divisive election, that was broadcast exclusively on Gorrín’s Globovision network.

“For Nicolás Maduro, who I am sure is watching, the current path you are on will not end well for you,” Rubio said in the televised address.

On the stand, Rubio said that had he known Rivera was working with Gorrín on behalf of Maduro, he never would have agreed to deliver the address on the network.

But Rivera said Rubio’s testimony backed his defense that as a lifelong opponent of communism he never worked to strengthen Maduro’s grip on power.

“Marco Rubio made it abundantly clear today that everything we worked on together in 2017 was meant to remove Maduro from power in Venezuela,” he said in a statement.

Throughout his testimony Rubio, a lawyer, spoke calmly and in command of granular details of U.S. policy toward Venezuela over the past decade, even as he struggled to recall the specifics of his text exchanges with Rivera on Venezuela matters.

His testimony was highly unusual. Not since Labor Secretary Raymond Donovan testified at a Mafia trial in 1983 has a sitting member of the president’s Cabinet taken the stand in a criminal trial.

As if to underscore the uniqueness of his appearance in federal court, Rivera’s attorney, Ed Shohat, asked Rubio to sign a copy of his 2012 autobiography, “An American Son,” at the conclusion of his testimony.

Rivera and his co-defendant, political consultant Esther Nuhfer, are among a small number of friends and family Rubio thanks in the acknowledgment section of his memoir.

Goodman writes for the Associated Press.

Mérida, March 23, 2026 (venezuelanalysis.com) – The Venezuelan government announced a 45-day electricity saving plan as extreme temperatures and regional outages impact Venezuela’s power grid. 

The announcement, made by Acting President Delcy Rodríguez on Saturday, comes on the heels of recurring blackouts, particularly in western states. 

“We are entering a period where solar radiation will impact our territory directly, intensifying heat and drought across the country,” Rodríguez stated during a televised cabinet meeting with officials responsible for the electricity and infrastructure portfolios.

She explained that the “perpendicular passage” of solar rays would significantly increase energy demand for cooling. Alongside drought forecasts, officials expect a greater strain on Venezuela’s electricity generation and transmission infrastructure.

As part of the contingency plan, the Ministry of Electric Energy is set to publish a protocol urging reduced air-conditioning use other rationing measures. In addition, the government has authorized the deployment of thermal drones to monitor high-temperature areas and prevent forest fires from compromising transmission lines.

In March 2025, the Nicolás Maduro administration implemented a similar electricity-savings plan and was compelled to reduce public sector work hours to half a day to ease demand. While the 2025 measures were temporary, the recurrence of shortages underscores the systemic vulnerabilities of the electric grid.

Last Friday, residents in Zulia, Táchira, Mérida, and Trujillo experienced widespread power outages lasting several hours. Local media outlets in the Andean region reported that some sectors are facing daily rationing of up to four hours. Nationwide electricity fluctuations were likewise registered on Monday, with parts of Caracas suffering temporary outages.

The origins of Venezuela’s electrical instability extend over a decade, culminating in the 2019 widespread nationwide blackouts that authorities blamed on “cyber-sabotage.” The alleged attacks compounded infrastructure hard-hit by years of economic sanctions, as well as underinvestment, inadequate maintenance, and the departure of skilled personnel.

Venezuela’s electric grid remains heavily dependent on the Simón Bolívar Hydroelectric Plant, also known as the Guri Dam, in southeastern Bolívar state, which provides approximately 80 percent of the nation’s power. 

However, the transmission lines stretching from the southeast to the western border are often unable to handle the load, with thermoelectric plants in the region unable to cover the additional demand. Current estimates indicate that while Venezuela has an installed generation capacity of approximately 34 gigawatts (GW), only around 12 to 14 GW are currently operational.

Sanctions and push for private investment

In her Saturday address, Rodríguez reiterated the damage caused by US-led unilateral coercive measures and called for their removal. The Venezuelan acting president argued that sanctions hampered the state’s capacity to procure essential technology and components from international suppliers.

“The blockade has impeded the full recovery of this essential service,” Rodríguez said. “Though we have recovered capacity through our own efforts, sanctions limit our response to a demand that grows alongside the economy.”

The Venezuelan government has also announced plans to scale back state control over the electricity sector in order to attract private investment. Earlier this month, authorities unveiled a “pilot plan” to promote foreign investment into the electric grid, following similar blueprints from the oil industry.

Under the proposed framework, the government aims to update the Organic Law of the Electricity System (LOSSE) to allow private companies to assume control of generation and distribution through joint ventures.

According to the Venezuelan Chamber of Construction (CVC), a preliminary investment of US $1.29 billion could lead to the reincorporation of over 6,300 MW to the grid in two phases. The CVC is specifically promoting a project with the Latin America Development Bank to stabilize 2,000 MW in the central industrial region.

The new electricity management model would allow private actors to take control of specific “industrial nodes,” ensuring a reliable supply for manufacturing while retaining a portion of the proceeds to cover maintenance costs.

However, the immediate focus for the Venezuelan executive remains on electricity rationing. Rodríguez concluded her address by calling for “national consciousness,” urging the public to see energy saving not just as a government mandate, but as a collective necessity to navigate the coming weeks of extreme heat and drought.

Edited by Ricardo Vaz in Caracas.

Caracas, March 19, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez tapped Gustavo González López as the country’s new defense minister on Wednesday, replacing Vladimir Padrino López after more than a decade in the post.

“We thank General Vladimir Padrino López for his loyalty and for having been the first soldier in the defense of our country for so many years,” Rodríguez wrote on social media. In response, Padrino thanked the acting president and stated that “serving the Homeland” had been his “highest honor.”

Padrino had served as defense minister since October 2014. The four-star general staved off a number of US-backed coup attempts, including the May 2020 “Operation Gideon” failed mercenary invasion. 

In 2025, the Biden administration announced a $15 million bounty for information leading to Padrino’s capture as part of a “narcoterrorism” indictment against several Venezuelan leaders, including President Nicolás Maduro. However, US officials have not presented evidence tying Venezuelan high-ranking officials to narcotics activities. 

Padrino’s removal follows the January 3 US military strikes against Venezuela that saw special forces kidnap Maduro and First Lady Cilia Flores. Despite months of defense exercises in the face of escalating US threats, Venezuelan forces, particularly air defenses, were quickly neutralized by US bombing and electromagnetic warfare on January 3.

The Venezuelan armed forces have yet to offer a complete account of the operation, including a definitive list of casualties that are said to surpass 100. Padrino condemned the US attacks and pointed to Washington’s military superiority, arguing that it would have been “suicidal” for Venezuelan air force jets to take off and engage with the enemy.

The 60-year-old Gustavo González López previously held posts as interior minister and director of intelligence services and has been under US sanctions since 2015. A career military officer, he briefly studied at the School of the Americas in the early 1990s. 

Following the January 3 attacks, González was chosen by Rodríguez to lead the presidential guard. He was pictured alongside the acting president during a visit to Caracas from CIA Director John Ratcliffe on January 16. General Henry Navas will replace González as Commander of the Presidential Guard of Honor.

Rodríguez announced several other cabinet changes on Wednesday. She had previously replaced the industry, oil, tourism, healthcare, communications, and eco-socialism ministers as well.

Jorge Márquez and Rolando Alcalá will take over the housing and electricity portfolios, respectively. Furthermore, Supreme Court magistrate Carlos Alexis Castillo will serve as labor minister amid rising demands for minimum wage increases and labor rights, replacing veteran official Eduardo Piñate.

Former Caracas mayor Jacqueline Faría was likewise appointed as the new transport minister, replacing Aníbal Coronado after two months in the post. Faría’s appointment followed a public transportation strike in Caracas as private bus operators push to increase single-ride fares to 120 bolívars, roughly US $0.25 at the present exchange rate.

Wednesday’s cabinet changes also included Raúl Cazal becoming culture minister, replacing Ernesto Villegas, who had held the post since 2017. Villegas is one of the candidates shortlisted by the Venezuelan National Assembly for the vacant ombudsman post.

Finally, Rodríguez picked academic Ana María Sanjuan as minister of higher education, replacing Ricardo Sánchez. A trained psychologist and professor at the Central University of Venezuela (UCV), Sanjuan had participated in political dialogue initiatives as a representative of moderate opposition sectors.

Edited by Lucas Koerner in Fusagasugá, Colombia.

For years, the legal fight over Venezuelan assets abroad turned on one basic question: who does a foreign government recognize as the person entitled to act for Venezuela? In the United States, that question once pointed toward the opposition-led structure tied to the 2015 National Assembly and, before that, Juan Guaidó. After Guaidó fell, Dinorah Figuera became the head of what remains of that 2015 Assembly, the Comisión Delegada. Through that entity, the opposition continued trying to preserve control over foreign assets such as Citgo and funds held abroad.

Reuters reported in 2023 that the new opposition leadership under Figuera moved to oversee foreign assets, including Citgo and gold held at the Bank of England. During the Biden administration, the State Department likewise said in January 2023 that it would continue to recognize the democratically elected 2015 National Assembly as the last remaining democratic institution in Venezuela.

That is no longer the key US posture. In March 2026, the US government formally told a federal court in New York that the United States is recognizing Delcy Rodríguez as the “sole Head of State, able to take action on behalf of Venezuela.” The filing relied on the State Department’s March 5 statement normalizing relations with Venezuela under Delcy Rodríguez and on President Trump’s public remark that the United States had “formally recognized” the Venezuelan government. That is the legal pivot. Once Washington says who it recognizes as Venezuela’s head of state, US courts and agencies do not get to run their own foreign policy.

This is why the debate about Delcy’s legitimacy under Venezuelan domestic law, while politically important, is not the decisive question in New York, Delaware, Texas, or Washington. The majority of Venezuelan lawyers believe that Delcy Rodríguez is illegitimate. I am not arguing otherwise. However, under US constitutional law, recognition of a foreign sovereign belongs exclusively to the President of the United States.

The recognition question has shifted sharply in Delcy’s favor, even if some operational steps are still controlled by licenses, sanctions, and pending litigation.

In the case Zivotofsky v. Kerry, decided in 2015, the US Supreme Court said exactly that: the President has the exclusive power to grant formal recognition, and the nation must speak with “one voice” on that subject. Older US Supreme Court cases say the same thing in slightly different words. The practical result is simple: if the President recognizes one person as the one entitled to act for a foreign state, US courts (federal and state courts) generally follow that determination.

So, does that mean Delcy now controls Citgo? As a matter of US recognition law, the answer is yes, in the sense that authority now runs through the person Washington recognizes, not through whichever Venezuelan faction lawyers or commentators prefer. But there is one important practical wrinkle: Reuters reported that Delcy’s team still needs US Treasury clearance to take over Citgo’s US subsidiaries, and Citgo also remains entangled in ongoing court proceedings. In other words, the recognition question has shifted sharply in Delcy’s favor, even if some operational steps are still controlled by licenses, sanctions machinery, and pending litigation.

England works in much the same way. In the Bank of England gold litigation, the Supreme Court of the United Kingdom held that recognition of foreign heads of state is a matter for the executive, not the courts. The Court called this the “one voice principle”: English courts must accept the executive’s recognition position as conclusive. That is why the courts treated Juan Guaidó as the recognized head of state when the UK government recognized him. The logic is straightforward. English judges do not decide who truly won the constitutional struggle in Caracas. They follow the position taken by His Majesty’s Government.

If London does the same, the same logic will likely carry over to Venezuelan assets in England, including the gold dispute.

That is also why there is no serious legal basis for pretending that personal politics can change the answer. A lawyer may dislike Delcy Rodríguez. Another may dislike Dinorah Figuera. Someone else may prefer Edmundo González. None of that changes the recognition rule. On this issue, legal analysis is supposed to be colder than politics. If Washington recognizes Delcy, US institutions will generally treat Delcy as the person entitled to act for Venezuela. If London does the same, the same logic will likely carry over to Venezuelan assets in England, including the gold dispute. The law here is not about who we admire or dislike. It is about who the executive power of the US recognizes. Nothing else.

One last point matters. I have not found any official UK statement, as of now, publicly recognizing Delcy Rodríguez in the same clear way the United States has. A January 2026 statement by the UK Foreign Secretary referred to her as “acting President” and urged democratic steps, but it did not announce the kind of formal recognition statement the UK issued for Guaidó in 2019.

So the US conclusion is already here. The English conclusion depends on whether London takes that additional recognition step.

Caracas, March 13, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez welcomed on Wednesday the formal recognition granted by the United States government to her administration as the South American country’s “sole” and legitimate authority.

Rodríguez argued that Washington’s decision goes beyond any individual figure or government. 

“It is not recognition of a person or a government; it is recognition of a country so that it is able to recover its life,” she said during a televised broadcast, referring to the impact of wide-reaching US unilateral coercive measures imposed since 2015.

The Venezuelan leader affirmed that the diplomatic move could help advance “national unity” and contribute to the “normalization” of the country’s political, economic, and social life. “What matters to me is that this can bring a process of reordering and normalization,” she added.

The recognition was communicated by Manhattan US Attorney Jay Clayton in a “statement of interest” addressed to federal Judge Sarah Netburn. Clayton is likewise heading the prosecution in the US Justice Department’s case against Venezuelan President Nicolás Maduro.

Maduro was kidnapped by US special forces alongside First Lady Cilia Flores on January 3 during a military operation. The pair has pleaded not guilty to charges including drug trafficking conspiracy and will face a hearing on March 26. US officials have not provided evidence tying Venezuelan high-ranking officials to narcotics activities, while specialized reports have consistently found Venezuela to play a marginal role in global drug trafficking.

Clayton’s missive referenced a letter from State Department official Michael Kozak which identified Rodríguez as Venezuela’s “sole Head of State.” Kozak’s letter expressed the Trump administration’s argument that the recognition will help advance US interests in the Caribbean nation.

Trump publicly acknowledged Washington’s recognition of the Venezuelan government for the first time during the Shield of the Americas Summit on March 7. The White House argued that its stance would contribute to Venezuelan stability and economic recovery, as well as create the conditions for “a peaceful transition toward a democratically elected government.”

Caracas and Washington reestablished diplomatic ties on March 5 and have taken steps to reopen their respective embassies and consulates. The Maduro government severed ties with the first Trump administration in 2019 when the latter recognized then–National Assembly president Juan Guaidó as Venezuela’s “interim president.”

Kozak reiterated in his letter that since January 23, 2019, the US has not recognized Maduro as Venezuela’s head of state and that this position had not changed. 

“Maduro is an accused narco-terrorist awaiting trial in a US federal court for his crimes,” the document read. The Venezuelan president’s defense team is expected to argue that Maduro should be entitled to immunity from prosecution as a sitting head of state.

Washington’s formal recognition of the acting government in Caracas could also have implications for Venezuelan assets abroad. Since 2019, several bank accounts and US-based Venezuelan refiner CITGO have been frozen or under the control of the US-backed opposition.

The White House’s move will also pave the way for renegotiations surrounding Venezuela’s sizable sovereign debt, with creditors eager for a potential windfall after buying defaulted bonds at very depressed prices.

While Clayton’s address identified Rodríguez as the only person “able to take action on behalf of Venezuela,” US authorities have not clarified whether the Venezuelan government will retake control of its US-based assets.

In addition, the Justice Department attorney declined to take a position regarding “which counsel is authorized to represent certain Venezuelan state-owned entities.” On Thursday, Judge Netburn requested further clarification from the administration regarding the representation of Venezuelan interests before US courts before March 26.

In her Wednesday address, Rodríguez went on to acknowledge “daily exchanges” with US counterparts and expressed “gratefulness” for the reestablishment of trade relations. The acting president stated that Venezuela has imported medical equipment and medicines from US companies in recent weeks.

Since early 2026, the Trump administration taken direct control of revenues generated by Venezuelan oil exports, depositing funds into accounts held by the US Treasury. Around a quarter of an initial US $2 billion crude sale agreement has reportedly been returned to Caracas.

Recently issued US licenses allowing transactions in the Venezuelan oil and mining sectors likewise mandate that proceeds be deposited in Treasury-run accounts.

US officials have claimed that Venezuelan authorities need to submit a “budget request” to access the country’s funds and will only be allowed to import goods and services from US manufacturers.

Edited and with additional reporting by Ricardo Vaz in Caracas.