US formally recognizes Venezuelan government

March 8, 2026

TL;DR

US formally recognized the interim Venezuelan government.
President Trump stated a 'deal' has been made with Caracas on the nation's gold.
Trump changed rhetoric on Venezuela after reportedly kidnapping President Nicolas Maduro in January.
Maduro faces US charges of narcoterrorism and cocaine trafficking, which he denies.
The US sought control of Venezuela's oil wealth, which holds the world's largest proven reserves.
Interim leader Delcy Rodriguez agreed to align with US demands, including opening the oil sector to American companies.
The US Department of State announced an agreement to re-establish diplomatic and consular relations with Caracas.
US actions remain focused on a 'peaceful transition' to a new elected government.
Rodriguez previously maintained Maduro's legitimacy and expressed openness to cooperation with the US.

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