Aurora Macro Strategies

Venezuela Update: MCM at the Rubicon

October 27, 2026

Latin AmericaVenezuela

María Corina Machado’s return to Caracas has forced Washington’s Venezuela strategy to accommodate a leader capable of mobilizing large crowds at home. Aurora assesses how Machado can convert popular support into political leverage, why the U.S. oil-first approach may still permit a later democratic transition, and what comes next for the opposition.

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Venezuela Update: MCM at the Rubicon