The Venezuelan crisis of 2026 is entering a new phase after a decade of economic collapse. The country experienced an 80 percent contraction in GDP, hyperinflation, and the displacement of nearly eight million citizens. The political stalemate ended when US forces captured President Nicolás Maduro in a pre-dawn raid on Caracas. His former vice president, Delcy Rodríguez, now serves as acting president. The scale of Venezuela’s economic destruction has no parallel among peacetime nations. Inflation defines the crisis as much as any other single metric. The US sanctions are administered by the Treasury Office of Foreign Assets Control (OFAC), which has issued a rapid sequence of easing oil restrictions. Since Maduro's capture, the government has been accused of selectively denying amnesty and prolonging repression.