Delcy Rodríguez remains Venezuela’s acting president following Nicolás Maduro’s January 2026 capture by U.S. forces, overseeing a gradual transition process backed by Washington. Recent diplomatic activity, including her October 12 meeting in Rome with Dominican President Luis Abinader on energy and consular issues, alongside ongoing reconciliation talks with 2015 National Assembly representatives, underscores her continued authority. The third round of negotiations, set to begin October 14, focuses on Supreme Court reform, prisoner releases, and media access ahead of promised elections whose timing remains undefined. Calls for her resignation from some former Chavista figures and opposition pressure for faster change have not altered her position, while U.S.-influenced institutional reforms and cabinet continuity reinforce stability. Traders assess near-term removal risks against the pace of these structured talks and any breakthroughs or setbacks in the coming weeks.