The political crisis in Venezuela has become a global spotlight, creating widespread impacts both domestically and internationally. Starting in the early 2000s, political tensions increased along with the socialist policies promoted by the then leader, Hugo Chávez. After Chávez’s death in 2013, Nicolás Maduro took over as president, but his administration was soon marred by controversy and accusations of electoral fraud. Since then, the situation has only gotten worse. Popular dissatisfaction with economic conditions, driven by falling oil prices, runaway inflation and lack of access to basic needs, is increasingly widespread. Data shows that inflation in Venezuela reached very high levels, even above 5,000% at its peak, leaving many citizens without food and medicine. The political conflict sharpened when opposition groups, led by Juan Guaidó, claimed that the election that Maduro won in 2018 was full of fraud. Guaidó declared himself interim president in January 2019, supported by many countries, including the United States and most countries in Europe. Despite international support, Guaidó was unable to oust Maduro from power. Violence and repression by the Maduro government against demonstrations and opposition activists has increased significantly. Reports from human rights organizations reveal that many citizens have disappeared, been arrested, or faced physical violence. Massive protests occurred in 2017 and 2019, demonstrating the people’s desire for change. However, the main challenges facing the opposition are a solid security system and Russian and Chinese support for Maduro. The humanitarian situation in Venezuela is also a major concern, considering that millions of people have fled to neighboring countries such as Colombia and Brazil in search of a better life. According to UNHCR, more than 6 million Venezuelans have fled the country, creating Latin America’s largest refugee crisis. This makes Venezuela one of the most unstable places in the world today. Drug trafficking, corruption, and other illegal practices also undermine state institutions, exacerbating the situation. The elections held in 2020 were considered unfair by many observers, and the results strengthened Maduro’s position, although delegitimization from the international community remained. Currently, Venezuela is trapped in a cycle of political and economic uncertainty. Discussions regarding a peaceful solution and reform are still ongoing, but the conflict between the government and the opposition remains a major challenge. Political stability in Venezuela will depend largely on the ability of all parties to compromise and develop concrete plans for the country’s future.