On January 3rd, the US military struck Venezuela and captured its president, Nicolás Maduro. Trump has declared that America will now “run” the country, shifting from a narrative which had focused on the US fighting a war against drug traffickers to a narrative which sees the US assert control over Venezuela’s massive oil reserves.

Mark Leonard is joined by Jeremy Shapiro, ECFR research director, and Nacho Torreblanca, ECFR distinguished policy fellow, to discuss why America decided to capture Maduro and what this could mean for the domestic situation in Venezuela—as well as its wider implications for other areas, including Greenland.

What were Trump’s motivations? Will the US increasingly use military force to secure resources and territory across the Americas and the north Atlantic? And could Greenland be next?

Bookshelf

Morir en la arena (To Die in the Sand) by Leonardo Padura

The Revolutionary Temper: Paris, 1748-1789 by Robert Darnton

This podcast was recorded on January 5th 2026

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The Picture of Dorian Gray - Chapter 19