
Venezuela’s dramatic regime shift marks the return of Monroe Doctrine 2.0, with President Trump explicitly prioritizing Latin America to curb migration, dismantle cartels, and counter Chinese influence. But after Maduro’s capture, which countries face escalated US pressure next? This expanded data-driven matrix ranks risks across regions based on stated doctrine, sanctions trends, and 2026 forecasts.
The Doctrine Driving US Targets
Trump’s National Security Strategy frames Latin America as the primary theater: migration flows, transnational crime, Chinese/Russian asset ownership, and strategic resources. Venezuela checked every box – oil reserves, gang violence, mass emigration, and deep Beijing/Moscow ties. The FY 2026 NDAA adds sanctions authorities targeting fentanyl production, wrongful detention sponsors, and actors destabilising Haiti and the Western Balkans.
The pressure toolkit has evolved: economic sanctions (Iran model), covert operations (Venezuela precedent), export controls on dual-use tech, targeted cartel strikes, and investment restrictions on Chinese state-owned enterprises. Think tanks note Washington’s “favored nation” treatment for ideologically aligned governments (El Salvador, Argentina, Ecuador) versus explicit warnings for holdouts.
Tier 1: High Risk – Next Venezuela Candidates
Western Hemisphere priorities dominate global conflicts forecasts. These states combine geographic proximity, migration pressure, organized crime, and rival power ties.
| Country | Risk Factors | Likelihood | Impact | Key Triggers |
|---|---|---|---|---|
| Mexico | Fentanyl killing 100K Americans yearly, cartel control of border states, 2M+ annual migration | High | High | Direct strikes already authorized; “mano dura” rhetoric spreading from Sinaloa to Tijuana |
| Haiti | Gangs control 80% territory, US Marines on 72hr standby, 500K+ refugees since 2021 | High | High | Chronic state failure; Tier I escalation risk globally |
| Cuba | Russian missile deployments, Venezuela oil lifeline severed, Havana’s anti-US axis role | High | Medium | Classic Monroe Doctrine revival target |
Mexico deep dive: Beyond drugs, US intelligence flags Chinese port investments in Manzanillo and Huawei 5G contracts as national security threats. Cartel strikes authorized under emergency powers could expand to leadership decapitation ops by Q3 2026.
Haiti analysis: Gangs like 400 Mawozo operate as de facto government; UN peacekeeping collapsed 2025. US Marines represent lowest-cost stabilization vs refugee waves hitting Florida.
Tier 2: Medium Risk – Global Flashpoints
Broader theaters where US maintains robust coercive tools but lacks Venezuela-style geographic leverage.
| Country | Risk Factors | Likelihood | Impact | Key Triggers |
|---|---|---|---|---|
| Iran | Nuclear breakout capacity, Houthi/Hezbollah proxies, 2M bpd oil sanctions evasion | High | High | Maritime chokepoints (Strait of Hormuz); post-Assad Syria vacuum |
| Nicaragua | Ortega family dynasty, Chinese canal/port projects, 500K migrants since 2018 | Medium | Medium | Pattern matching with Venezuela intervention |
| Sudan | Civil war displacement 10M+, Red Sea migration routes to Europe/US | Medium | High | #1 global escalation likelihood; Wagner remnants |
Iran specifics: Maximum Pressure 2.0 targets entire oil export chain – ship-to-ship transfers, shadow fleet, Asian refineries. Houthi attacks on shipping trigger Article 5-style responses via Gulf coalitions.
Tier 3: Emerging Threats (Lower Priority)
| Country | Risk Factors | Likelihood | Impact | Key Triggers |
|---|---|---|---|---|
| Colombia | ELN/FARC cartel resurgence, Venezuela refugee spillover (2.5M) | Medium | Medium | Petro peace process collapse |
| Sahel (Mali/Burkina Faso) | JNIM/Al-Qaeda expansion, Russian Wagner successors | Low | Medium | European migration routes |
| Somalia | Al-Shabaab territorial gains if US funding withdrawn | Low | Medium | Horn of Africa piracy revival |
2026 Forecast: Regional Risk Heatmap
Latin America: Seven major elections + US tariffs create volatility 7 points above global average. Venezuela precedent dramatically raises Mexico/Haiti intervention odds. Chinese infrastructure deals (ports, telecoms, mines) trigger CFIUS-style reviews continent-wide.
Middle East: Post-Assad Syria realignment reduces Iran proxy strength, but maritime security (Bab el-Mandeb, Gulf of Oman) becomes paramount. Houthi drone attacks on shipping could justify permanent US naval presence.
Africa: Sudan civil war ranks highest escalation risk globally. Sahel terrorism surges if France/US pivot resources. Somalia risks Tier I status if ATMIS peacekeeping mandate expires without renewal.
Asia-Pacific: South China Sea stays low-impact despite rhetoric. Taiwan contingencies remain 2028+ timeline.
Three Strategic Scenarios for 2026
- Hemisphere Lockdown (45% probability): Mexico cartel strikes + Haiti stabilization + Nicaragua sanctions pressure succeed. Trump declares “Monroe Doctrine restored.” Latin America volatility drops 30%.
- Iran Crisis Escalation (30% probability): Nuclear/missile test triggers proxy strikes, Strait of Hormuz blockade attempt, $150 oil spike. Venezuela quagmire distracts from broader ME focus.
- Strategic Overstretch (25% probability): Venezuela reconstruction bogs down (refugee returns, oil infrastructure rebuild). Mexico/Haiti operations face domestic backlash. Pivot to sanctions-only approach.
Implications for Businesses and Investors
Investors: Underweight high-risk sovereigns (Venezuela, Nicaragua, Sudan). Overweight US-aligned reformers (El Salvador, Argentina, Paraguay). Safe havens: Brazilian infrastructure, Chilean copper despite China exposure.
Multinationals: Mandatory sanctions compliance dashboards. Dual-track supply chains (China vs Mexico). Geopolitical risk insurance premiums up 25% across LatAm.
Energy markets: Venezuelan oil restarts add 1M bpd supply, but Mexico nationalization risk spikes Pemex bond yields. Iranian sanctions evasion via Malaysia/Singapore refineries faces secondary measures.
The Bottom Line
No single “next Venezuela” emerges – expect layered pressure across 5-7 simultaneous fronts. Mexico structurally leads due to drugs/migration urgency, but Iran maintains highest global impact potential. The Venezuela precedent proves doctrine over domestic political cost calculations.
The real innovation: hybrid coercion combining sanctions, covert ops, targeted strikes, and investment restrictions – avoiding full invasions while achieving regime pressure.
References
- https://english.elpais.com/usa/2025-12-08/the-us-opens-a-new-era-of-interventions-in-latin-america.html
- https://www.chathamhouse.org/2026/01/us-attacks-venezuela-and-maduro-captured-early-analysis-chatham-house-experts
- https://nymag.com/intelligencer/article/trump-venezuela-takeover-destabilizing-precedent-russia-china-iran.html
- https://americasquarterly.org/article/reaction-trump-says-u-s-will-run-venezuela-after-maduros-capture/
- https://www.vox.com/politics/473967/us-venezuela-trump-maduro-oil-crisis-rodriguez
- https://www.france24.com/en/live-news/20260103-trump-takes-huge-political-gamble-in-venezuela-regime-change
- https://www.reuters.com/world/americas/view-investors-economists-react-us-capture-venezuelas-maduro-2026-01-03/
- https://phillipspobrien.substack.com/p/the-us-is-attempting-regime-change
- https://geopoliticaleconomy.com/2025/10/27/donroe-doctrine-trump-neocolonial-plan-latin-america/
- https://americasquarterly.org/article/how-u-s-policy-toward-latin-america-may-backfire/
- https://www.csis.org/analysis/president-trumps-latin-america-policy-short-term-gains-long-term-risks
- https://www.skadden.com/insights/publications/2025/11/the-sanctions-puzzle
- https://www.linkedin.com/pulse/navigating-sanctions-landscape-2026-strategic-insights-bosz-k4uoc