Two years after Venezuela’s disputed 2024 election — and months after Nicolás Maduro was removed from power — who is really running the country?

Clionadh Raleigh and Bron Mills are joined by ACLED’s Tiziano Breda to trace how the contested election helped pave the way for Maduro’s downfall and examine the uneasy system that has replaced him. Delcy Rodríguez remains in power, the opposition is still waiting for a transition, and Washington holds enormous leverage over Venezuela’s oil industry.

They also ask what the US actually wants from Venezuela, whether elections are coming, and how June’s devastating earthquakes could upset an already fragile political balance, from fuelling public anger to creating new opportunities for armed groups.

And with billions of dollars in Venezuelan oil revenues reportedly passing through a US-controlled system, one question looms particularly large: where is the money going?

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