In the latest episode of The Venezuela Briefing podcast, hosts Geoff Ramsey and Kristen Martinez-Gugerli interview Venezuelan academic and analyst Michael Penfold about changing dynamics in Venezuela’s political crisis. Following recent concessions from the de facto Maduro government, including the naming of a new electoral council, a historic agreement with the UN World Food Programme, and the transfer of 6 U.S. oil executives to house arrest, Penfold explains what to make of these developments in Venezuela’s current political context. This episode focuses on opposition dynamics, the Biden administration’s policy towards Venezuela, and prospects for a negotiated solution in the short and long term.