This research evaluates the risks and challenges of Azerbaijan's socio-economic development during the 2026 reporting year, within the geopolitical context of the Venezuelan political crisis and other potential events (such as the Russia-Ukraine war, Israel-Iran confrontation, and US-China trade tensions) amid oil price volatility. According to international sources (IEA Oil 2025, EIA), oil prices are expected to stabilize within the $51-66 range in 2026 due to oversupply, though short-term risks may cause temporary increases.