Hugo Chavez’s legacy is back in the spotlight as Venezuela faces US-led efforts to seize its oil, after his long rule and socialist revolution.
On January 29, 2026, Venezuela's National Assembly passed a bill reforming the oil sector to allow private and foreign companies operational control, reversing decades of state monopoly. The Trump administration eased sanctions on Venezuelan oil, signaling increased US involvement following the January 3 US military capture of former President Nicolás Maduro. Acting President Delcy Rodríguez supports the reforms amid ongoing political tensions and US pressure.
Venezuela released at least 35 political prisoners on Sunday, including opposition figures Juan Pablo Guanipa and María Oropeza, following international pressure and a visit from UN human rights representatives. The government also announced plans to close the notorious El Helicoide prison and propose a broad amnesty law covering political violence since 1999.