The extraction of Nicolás Maduro on Saturday was meant to signal the end of an era. Instead, it has exposed an uncomfortable truth that may loom over Washington weeks and months after the “shock-and-awe” attacks in central Caracas have waned from headlines: was Venezuela’s democratic opposition sidelined at the very moment it appeared closest to victory?

Just weeks earlier, María Corina Machado, the 2025 Nobel Peace Prize laureate and the symbolic leader of Venezuela’s opposition, had laid out her Freedom Manifesto — a sweeping blueprint for a Venezuelan-led democratic transition rooted in dignity, elections, free markets and the return of millions of exiles. She framed the coming moment not as an American intervention, but as a national rebirth steered by Venezuelans themselves.

That vision now appears to be colliding with a far more transactional reality.

Following Maduro’s capture in a U.S.-led operation, President Donald Trump declined to elevate Machado or her movement into any formal role. Instead, senior U.S. officials have coalesced around Delcy Rodríguez – Maduro’s longtime lieutenant and overseer of the oil sector — as Washington’s primary interlocutor in Caracas. Trump publicly praised Rodríguez’s cooperation while dismissing Machado as a “very nice woman” who “lacks the support” to lead the country.

On Monday, Delsy Rodríguez took the oath of office in the presence of the Ambassadors to China, Iran and Russia. The scene from the National Assembly recalls the sham investiture of Maduro on January 10, 2025,  and sends a dire signal to the internationl community:  Does oil security matter more than a secure democracy?

White House insiders told U.S. media that Trump had never warmed to Machado, “because his feelings got hurt”, reads the Daily Beast. According to an article on Monday in The Washington Post, the president declined to pick Machado because she committed the “ultimate sin” of offending his pride, after receiving the Nobel Peace Prize. “If she had turned it down and said, ‘I can’t accept it because it’s Donald Trump’s,’ she’d be the president of Venezuela today,” cites the newspaper’s sources.

Having lost the Oslo podium as the world’s “peace president,” personal grievance and strategic calculation have marked the White House’s decision to annoint a “moderate” in Miraflores. But Rodríguez is no moderate, and her penchant for state repression remains intact. A  recent article in the Wall Street Journal affirms that Washington is willing to tolerate a Maduro 2.0 — a Chavista continuity government — so long as it cooperates on oil, narcotics enforcement and geopolitical alignment.

On the ground in Caracas, the mood reflects that ambiguity. There have been no mass celebrations, no release of political prisoners, and no clear roadmap. Power remains concentrated within the same military-backed elites that have pillaged Venezuela for over three decades, even as Maduro himself awaits trial in New York on charges expected to exceed those once brought against Joaquín “El Chapo” Guzmán.

U.S. officials insist this is realism, not betrayal. Secretary of State Marco Rubio has argued that squeezing the regime economically and forcing compliance on security and oil will eventually produce leverage. But he has stopped short of demanding immediate elections — a notable omission given that the opposition already won one.

Machado’s Freedom Manifesto now reads less like a transition plan and more like a rebuke. It imagined a Venezuela where sovereignty flowed from the ballot box, not from foreign capitals; where dignity, not expediency, guided reconstruction; and where Venezuelans — not external powers — chose their leaders.

Instead, Trump has suggested that the United States will “run” Venezuela, even as it leaves the same repressive security apparatus intact. The contradiction is stark: maximum news coverage abroad, minimal transformation on the ground.

The question, then, is not only whether Trump sidetracked María Corina Machado, but whether the United States has traded a rare democratic opening for short-term gains. If Chavismo survives without Maduro — its prisons full, its generals untouched, its oil flowing under U.S management — the Nobel laureate’s blueprint may yet stand as the document of a revolution deferred.

And history may judge that Venezuela was not lost for lack of courage at home, but for lack of conviction abroad. In the words of Mexican historian Enrique Krauze, the end-game is inevitable: “If geopolitics seeks to turn Venezuela into a pawn on its chessboard, the people will take to the streets. They have chosen a legitimate president: Edmundo González. And they have a moral leader: María Corina Machado. Obstacles may arise, but Venezuela’s liberation is irreversible.”

U.S. President Donald Trump said on Saturday that the United States would “run” Venezuela until a “safe, proper and judicious transition” of power is completed, following a U.S. military operation that resulted in the capture of Venezuelan dictator Nicolás Maduro and his wife, Cilia Flores.

Speaking at a press conference at his Mar-a-Lago residence in Florida, Trump described the operation as a “spectacular assault” and “one of the most stunning, effective and powerful displays of American military might and competence in American history.”

“This was overwhelming military power,” Trump said, praising U.S. forces for what he called their “breathtaking speed, power, precision and competence.” He said the operation involved close coordination between the U.S. military, intelligence agencies and law enforcement.

Trump said Venezuelan forces had been “waiting for us” and were in a “ready position,” but were “completely overwhelmed and very quickly incapacitated.” He said no U.S. servicemembers were killed and no equipment was lost.

According to Trump, U.S. forces struck what he described as a “heavily fortified military fortress” in the heart of Caracas, disabling Venezuelan military capabilities and temporarily cutting power to the capital. “The lights went out due to a certain expertise that America has,” he said.

U.S. military officials said the operation, dubbed “Operation Absolute Resolve,” relied on months of intelligence gathering and the deployment of more than 150 aircraft. General Dan Caine said the mission maintained “total surprise,” dismantling Venezuelan air defense systems before U.S. helicopters arrived at Maduro’s compound shortly after 1:00 a.m. Eastern Time.

The helicopters came under fire, Caine said, prompting a response with “overwhelming force.” One aircraft was hit, but all returned safely. Maduro and his wife “gave up” and were taken into custody by the U.S. Department of Justice, boarding the USS Iwo Jima at 3:29 a.m., he added.

Trump said Maduro and Flores are being taken to New York to face drug trafficking-related charges. Maduro has repeatedly denied U.S. accusations that he leads a drug cartel.

Trump said the United States was prepared to carry out a second wave of attacks if necessary, adding that Washington was “not afraid of boots on the ground” and that U.S. forces had operated “at a very high level” inside Venezuela.

Asked how the United States would govern Venezuela during the transition, Trump offered few specifics, saying only that officials were “designating people right now.” He gestured toward himself and Secretary of State Marco Rubio, saying that for a period of time “it’s largely going to be the people standing right behind me.”

Rubio described Maduro as a “fugitive of American justice” with a US$50 million reward on his head. “I guess we saved ourselves $50 million,” Rubio said, prompting Trump to add: “We should make sure nobody claims it.”

Rubio said Maduro had been given “multiple opportunities” to avoid confrontation but instead chose to “act like a wild man,” accusing him of inviting Iran into Venezuela and allowing criminal gangs to send migrants into the United States. “President Trump is not a game player,” Rubio said.

Trump also said U.S. companies would be allowed to enter Venezuela to repair its oil infrastructure and “start making money for the country,” framing the intervention as the beginning of a “partnership” that would make Venezuelans “rich, independent and safe.” He referred to Maduro as an “illegitimate dictator.”

Trump confirmed that Rubio had been in contact with Delcy Rodríguez, Venezuela’s vice president and one of Maduro’s closest allies. Rodríguez issued an audio statement after the strikes urging the United States to provide proof of life for Maduro and Flores, sparking speculation that she may no longer be in Venezuela.

Trump said Rodríguez had expressed a willingness to do “whatever the U.S. asks,” though analysts say she would struggle to gain credibility as an agent of political change after years of defending the Maduro’s regime.

Opposition leader and Nobel Peace Prize laureate María Corina Machado has hailed the operation as a turning point for the country.

“The hour of freedom has arrived,” Machado said in a statement, declaring that Maduro is now facing international justice for “atrocious crimes” committed against Venezuelans and foreign citizens. She said the time had come for “popular sovereignty and national sovereignty” to prevail.

Machado called for the immediate recognition of opposition-backed Edmundo González Urrutia as Venezuela’s legitimate president and commander-in-chief of the armed forces, urging military officers to recognize his authority.

“We are prepared to enforce our mandate and take power,” she said, calling on Venezuelans inside the country to remain organized and on those abroad to mobilize international support for rebuilding Venezuela.

“Venezuela will be free,” Machado said. “Hand in hand with God, until the very end.”