Colombia Runoff Stakes: Abelardo de la Espriella (“El Tigre”) and Iván Cepeda will face off June 21 after a tight first-round vote, setting up a clash between hardline security and leftist “comprehensive peace” priorities that could reshape Colombia’s energy and investment outlook. Ecuador-Colombia Trade Reset: Ecuador abolished a 100% tariff on Colombian goods starting June 1 after talks with de la Espriella, easing cross-border friction that had also affected regional commerce. Cuba Energy Pressure: The U.S. offered $100M in humanitarian aid to Cuba with distribution limited to faith-based and nonprofit groups, while reporting highlights worsening blackouts and household fuel shortages as Venezuelan oil deliveries remain constrained. Oil Market Volatility: With Iran conflict risks still in focus, global oil prices rose and LNG supply dynamics are shifting toward a potential glut, a swing that matters for power generation costs across Latin America. Brazil Offshore & Drilling Push: Petrobras-related activity and new offshore contracting signals continued investment interest, while a Brazil extended-reach drilling case underscores operators’ push for efficiency in mature basins. Rare Earths Industrial Race: USA Rare Earth plans to expand France operations to build out magnet-making capacity, feeding the broader critical-minerals push tied to energy transition supply chains.