
In a move that has stunned the international community and sent shockwaves through global markets, United States forces launched a massive pre-dawn assault on Caracas, Venezuela, on January 3, 2026. Dubbed "Operation Absolute Resolve," the lightning strike involved over 150 aircraft and cyberattacks that plunged the capital into darkness, culminating in the capture of President Nicolás Maduro and First Lady Cilia Flores.
While the dramatic extraction of a foreign leader plays out on screens in New York, Australians are waking up to a new geopolitical reality. From the integrity of international law to the hip-pocket impact at the local petrol bowser, the fallout from this operation will be felt far beyond the Caribbean. Here is what we know so far and what it means for Australia.
The operation began at approximately 2:00 am local time on January 3. According to reports, elite US Delta Force soldiers, supported by cyberwarfare units that disabled Venezuelan air defences and power grids, breached a "fortress" in Caracas where Maduro was sheltering.
Within hours, President Donald Trump announced on Truth Social that Maduro had been "captured and flown out of the country". He was transported to the USS Iwo Jima and subsequently flown to New York to face federal charges related to "narco-terrorism" and cocaine trafficking.
The human cost was significant. Venezuelan officials reported over 80 deaths, including civilians and members of the security forces. The Cuban government confirmed that 32 of its military and security personnel were also killed during the raid. While President Trump confirmed that two US soldiers sustained injuries, he stated there were no American fatalities.
The Trump administration justified the unilateral strike as a necessary law enforcement action against a "narco-terrorist" regime that flooded the US with drugs, a claim Maduro has long denied.
This operation marks a sharp pivot in US foreign policy. President Trump declared that the US would "run" Venezuela during a transitional period, invoking what he termed the "Donroe Doctrine"—a muscular update to the 19th-century Monroe Doctrine, asserting unchallengeable US dominance in the Western Hemisphere.
This has sparked a fierce debate over international law. While the White House claims "inherent constitutional authority" for the strike, the United Nations Secretary-General António Guterres warned that the action constitutes a "dangerous precedent" and likely violates the UN Charter regarding sovereignty and the use of force.
Global reactions have been polarized. Argentine President Javier Milei celebrated the operation, shouting "Freedom advances!". Conversely, Brazil’s Lula da Silva and Colombia’s Gustavo Petro condemned the attack as an act of aggression that crosses an "unacceptable line".
For Australians watching from the Indo-Pacific, the implications are twofold: economic volatility and strategic anxiety.
Australian drivers, already sensitive to fuel fluctuations, may see some immediate volatility. Global oil prices initially dipped following the news, as markets anticipated that US control might unlock Venezuela’s massive oil reserves—the largest in the world.
However, experts warn against expecting cheap petrol anytime soon. Venezuela’s oil infrastructure is in a state of "decay," having collapsed from producing 3.5 million barrels per day in the 1990s to roughly 1 million today. While Trump has promised that US companies will "invest billions" to fix the industry, analysts at Goldman Sachs and Rice University caution that restoring production will take years and immense capital. A sudden flood of cheap oil reaching Australian supply chains is unlikely in the short term.
For Canberra, the strategic fallout is complex. Australia is a steadfast US ally, yet this unilateral "judicial extraction" of a head of state challenges the "rules-based global order" that Australia frequently champions.
Furthermore, there is the "China factor." Beijing, a major creditor to Venezuela, expressed "deep shock" and condemned the operation. Analysts suggest that if the US becomes bogged down in a long-term occupation or nation-building exercise in South America, it could divert critical resources and attention away from the Indo-Pacific region, potentially emboldening Beijing’s stance in our own neighbourhood.
The situation on the ground in Venezuela remains confused. While President Trump asserted that the US would "run" the country, Venezuelan institutions have moved to fill the void.
The Venezuelan Supreme Court swiftly appointed Vice President Delcy Rodríguez as the interim president. While Trump claimed Rodríguez is "willing to do what we need," she publicly denounced the operation as a "kidnapping" and an "imperialist aggression," demanding Maduro’s immediate release.
Meanwhile, opposition leader María Corina Machado, who many in the West view as the legitimate democratic voice, has been somewhat sidelined by Trump’s comments that she lacks the necessary support to govern. This leaves a volatile power vacuum that could lead to further civil unrest.
The removal of an authoritarian leader indicted for drug trafficking might be welcomed by many, but the method—a unilateral military raid to seize a sitting president—sets a precedent that has unsettled global leaders.
For Australia, navigating this new era of the "Donroe Doctrine" will require careful diplomatic footwork. We must balance our security alliance with the US against our commitment to international law and stability in our own region. As the legal battles begin in New York and the dust settles in Caracas, the world is watching to see if this bold gamble stabilizes Venezuela or plunges it into deeper chaos.
Q: Why did the US capture Nicolás Maduro? A: The US indicted Maduro on "narco-terrorism" charges, accusing him of conspiring to flood the US with cocaine and weaponising the drug trade. President Trump also cited the need to secure Venezuela's oil reserves.
Q: Is the US invasion of Venezuela legal? A: It is highly contested. The Trump administration claims domestic legal authority, but the UN Secretary-General, legal scholars, and various nations have stated it likely violates international law and the UN Charter regarding the use of force and sovereignty.
Q: Will petrol prices in Australia go down because of this? A: Prices dipped slightly immediately after the news. However, Venezuela's oil infrastructure is severely degraded. Experts say it will take years and billions of dollars to restore production, so a long-term price drop for Australian consumers is not guaranteed.
Q: Who is running Venezuela now? A: The situation is confused. The US says it will "run" the country during a transition. However, Venezuela's Supreme Court has appointed Vice President Delcy Rodríguez as interim president, and the previous government structure remains largely in place.
2026 United States strikes in Venezuela. Wikipedia. Link
US strikes Venezuela and says leader Maduro has been captured. AP News. Link
Oil price dips as markets assess impact of Trump’s moves in Venezuela. The Guardian. Link
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