Cuba

United States

Venezuela

Iran

China

Russia

Energy

Military & Security

Politics

Venezuelan acting President Delcy Rodriguez said in an annual address before the National Assembly that Venezuela is a sovereign nation that has the right to maintain ties with Russia, China, Iran and Cuba, El Pais reported on Jan. 15.

Venezuela: Rodriguez Outlines Challenging Balancing Act in Speech Before National Assembly

U.S. President Donald Trump met with Venezuelan opposition leader Maria Corina Machado behind closed doors in Washington, D.C., and while there was no statement to the press, Machado greeted supporters outside the White House and said Venezuelans count on Trump "for the freedom of Venezuela," The Wall Street Journal reported on Jan. 15.

U.S., Venezuela: Trump Meets Opposition Leader Machado Behind Closed Doors

U.S. President Donald Trump and acting Venezuelan President Delcy Rodriguez spoke by phone, El Pais reported on Jan. 14.

U.S., Venezuela: Trump-Rodriguez Phone Call Further Indicates De-escalation in Bilateral Tensions

Venezuela's state-owned company Petroleos de Venezuela, better known as PDVSA, started reversing oil production cuts, while Washington has filed for court warrants to seize more sanctioned tankers shipping Venezuelan oil, Reuters reported on Jan. 13. 

U.S., Venezuela: PDVSA Resumes Oil Production Amid Washington's Efforts To Seize More Tankers

U.S. President Donald Trump posted on social media that he cancelled a "previously scheduled" second wave of attacks against Venezuela since the country's new government is cooperating with Washington, CNN reported on Jan. 9.

U.S., Venezuela: Trump Says He Cancelled Second Wave of Attacks After Caracas' Cooperation

Economics

U.S. President Donald Trump said Washington's oversight of Venezuela could last "much longer" than one year, The New York Times reported on Jan. 8.

U.S., Venezuela: Trump Says U.S. Could Oversee Venezuelan Oil for Years

U.S. security forces launched an operation to seize an oil tanker, the Russia-flagged Marinera, formerly known as the Bella 1, in the North Atlantic Ocean off the coast of Iceland, despite Russia's deployment of naval vessels to escort the ship and a request that the United States stop pursuing the tanker, BBC reported on Jan. 7. 

U.S., Russia, Venezuela: U.S. Conducts Operation To Seize Russia-Flagged Tanker

U.S. President Donald Trump announced that Venezuela would turn over 30 million to 50 million barrels of oil worth up to $2.8 billion to the United States, Reuters reported on Jan. 6.

U.S., Venezuela: Washington Announces Oil Deal With Caracas Worth Up To $2.8B

Assessments

Taiwan

Chinese Foreign Minister Wang Yi (right) and Venezuelan Foreign Minister Yvan Gil (left) attend a meeting in Beijing on May 12, 2025.

Global Trade

U.S.-China Relations

U.S. pressure on the new Venezuelan government will briefly cool China's engagement in Latin America and could renew trade tensions with Washington, though Maduro's removal is unlikely to affect China's calculus regarding Taiwan.

Assessing China's Response to the U.S. Capture of Venezuela's Maduro

Nigeria

Colombia

Mexico

Greenland

Israel

Europe

Norway

Ukraine

India

Pakistan

Cyber

Environment, Science & Technology

Russia-Ukraine Conflict

Social Issues

U.S.-Iran Relations

Science & Technology

RANE's Top 10 Risks for 2026 highlights high-impact, low-probability risks and trends from the annual forecast presented in more extreme terms.

RANE's Top 10 Risks for 2026

Benin

Uganda

Canada

Denmark

The Greenlandic flag on Jan. 8, 2026, on the roof of Tivoli Castle in Copenhagen, Denmark. Ukraine security talks and a Gaza peace plan will be in the spotlight at Davos.

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Elections in Uganda and Benin, Canada's Carney Goes to China

Media

Forecast Webcast

Join our analysts for this webcast recording exploring key topics identified in RANE's 2026 Annual Geopolitical Forecast.

2026 Annual Geopolitical Forecast Webcast

Brazil

Guyana

Venezuela's National Assembly President Jorge Rodriguez (C) gestures during the official picture of the new National Assembly in Caracas on Jan. 5, 2026. 

Venezuela's acting president is most likely to cooperate with the United States to keep the country's regime intact, but other, more volatile scenarios remain possible. 

Venezuela's Post-Maduro Outlook: Potential Scenarios

Snapshots

Fuerte Tiuna, Venezuela's largest military complex, after a series of explosions Jan. 3, 2026, in Caracas amid U.S. strikes.

The detention of the Venezuelan president creates a power vacuum that risks triggering violent unrest while establishing a precedent for further U.S. interventionism in Latin America.

U.S. Capture of Maduro Could Lead to Instability and Unrest in Venezuela, Wider Region

Saudi Arabia

United Arab Emirates

Yemen

North Korea

South Korea

A U.S. Marine Corps F-35B fighter jet takes off from Jose Aponte de la Torre Airport on December 15, 2025 in Ceiba, Puerto Rico. If U.S. strikes escalate and cause significant casualties, it could make retaliatory measures -- including the arbitrary detention of U.S. citizens in Venezuela or the harassment of energy sector vessels in the region -- more likely.

The Weekly Rundown: South Korea's President Visits Beijing, U.S. Operations in Venezuela

Burkina Faso

Democratic Republic of the Congo

Madagascar

Mali

Niger

Rwanda

Paraguay

Egypt

Lebanon

Morocco

Palestinian Territories

Qatar

Syria

Turkey

Australia

Cambodia

Timor-Leste

Indonesia

Japan

Mongolia

Myanmar

Philippines

Thailand

Vietnam

Bulgaria

Afghanistan

Nepal

Flight routes.

As 2026 approaches, we look back at the previous year and consider the top five patterns and trends as measured by geopolitical impact.

2025: A Geopolitical Review

A U.S. military MQ-9 Reaper drone sits on a tarmac at Rafael Hernandez Airport in Aguadilla, Puerto Rico, on Dec. 27, 2025.

The Trump administration will likely soon launch more strikes inside Venezuela following the reported CIA drone attack on a suspected drug port, though a U.S. ground invasion remains unlikely for the foreseeable future.

Trump Escalates Pressure on Venezuela With First Land Strike

Central African Republic

Guinea

Cyprus

Kosovo

The Bulgarian flag and the European flag waving in the wind.

The Weekly Rundown: Bulgaria Adopts the Euro, U.S.-Venezuela Tensions Persist

A U.S. Marine Corps AV-8B Harrier II on Dec. 15 taxis at Jose Aponte de la Torre Airport in Ceiba, Puerto Rico.

The Weekly Rundown: French Budget Deadlock, U.S.-Russia Talks in Miami

The U.S. Navy's Gerald R. Ford Carrier Strike Group participates in joint operations with the U.S. Air Force on Nov. 13, 2025.

Increased military mobilizations, failed negotiations with Maduro and persistent aggressive rhetoric suggest the Trump administration will likely soon escalate its Caribbean military campaign to targeted strikes in Venezuelan territory.

The U.S. Remains Poised To Attack Venezuelan Territory

<p>Located in South America, Venezuela is bordered by Colombia, the Caribbean Sea, Guyana and Brazil. Colonized by the Spanish in the 16th century, Venezuela became an independent country in 1830. The northern portion of Venezuela is dominated by the eastern spur of the northern Andes. The mountains are cooler than the surrounding subtropical plains and host the majority of Venezuela&#39;s population. The country&#39;s core includes Lake Valencia and Caracas. Since the late 19th century, oil has been the driving force behind Venezuela&#39;s political and economic affairs. The first discoveries were made in the Maracaibo basin, and later discoveries revealed heavy, sour crude deposits in the Orinoco basin. The tropical Orinoco basin is largely unpopulated, with little significant infrastructure. Just to the south are the Guiana Highlands, which buffer Venezuela from the jungles of the Amazon River basin. As a Caribbean country, Venezuela lies within the direct sphere of influence of the United States. The United States is not only the largest military power in the region, but also the largest consumer market and a key destination for Venezuelan crude oil exports. As a result, Venezuela&#39;s primary geographic challenge is managing its relations with the United States. Venezuela has throughout history used its relationship with the United States to attract the foreign investment and technological development that resulted in the country&#39;s well-developed oil sector. But relations between the two countries don&#39;t always match the economic reality. Former Venezuelan President Hugo Chavez built domestic and foreign policies around rejecting U.S. influence.</p>

Venezuela's Unraveling

Commodities: A Cautionary Tale

A Crude Recovery

SITUATION REPORTS

Venezuela: Rodriguez Outlines Challenging Balancing Act in Speech Before National Assembly

U.S., Venezuela: Trump Meets Opposition Leader Machado Behind Closed Doors

U.S., Venezuela: Trump-Rodriguez Phone Call Further Indicates De-escalation in Bilateral Tensions

U.S., Venezuela: PDVSA Resumes Oil Production Amid Washington's Efforts To Seize More Tankers

U.S., Venezuela: Trump Says He Cancelled Second Wave of Attacks After Caracas' Cooperation

U.S., Venezuela: Trump Says U.S. Could Oversee Venezuelan Oil for Years

U.S., Russia, Venezuela: U.S. Conducts Operation To Seize Russia-Flagged Tanker

U.S., Venezuela: Washington Announces Oil Deal With Caracas Worth Up To $2.8B

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