U.S. President Donald Trump announced on Friday, January 9, 2026, that he had cancelled a previously anticipated second wave of attacks on Venezuela. The decision, shared through a Truth Social post, was attributed to significant cooperation from the South American nation. This cooperation notably includes Venezuela's release of a substantial number of political prisoners, a move confirmed by multiple reports on January 8 and 9. High-profile opposition figures, activists, and journalists were among those freed, described by Venezuela as a gesture to "seek peace" following recent events. Trump lauded Venezuela's actions as a "very important and smart gesture." Furthermore, the U.S. President indicated ongoing collaboration between the two nations concerning the reconstruction of Venezuela's oil and gas infrastructure. Trump claimed that at least $100 billion would be invested by major oil companies, with plans to meet with executives at the White House. However, the oil industry has reportedly expressed skepticism regarding the feasibility of such a large-scale investment. Despite the cancellation of further military strikes, Trump specified that all U.S. oil tankers would remain in place for safety and security purposes. This rapidly unfolding geopolitical situation follows less than a week after U.S. forces captured Venezuelan leader Nicolás Maduro, who now faces drug-trafficking charges in New York.