Mexico Power Build-Out: President Claudia Sheinbaum inaugurated Baja California’s González Ortega combined-cycle plant and unveiled record grid subsidies, including 1.485 billion pesos in rate support for Mexicali and San Felipe, aiming to cut emissions and stabilize household bills. Venezuela Political Pivot: Interim leader Delcy Rodríguez said Venezuela is “on the right path” after the US capture of Maduro, framing renewed US ties as a diplomatic route to settle differences while opening the door to private investment. Colombia Election Shock: Abelardo de la Espriella, a Trump-backed right-wing lawyer, was projected to win a razor-thin presidential runoff, setting up a new conservative era and triggering protests and disputes over vote counts. Oil Market & Shipping Relief: US issued a 60-day sanctions waiver for Iranian crude and shipping through the Strait of Hormuz began to recover, easing pressure on global flows and raising hopes for energy stability. Brazil Offshore Scrutiny: A report on Petrobras’ planned exploration in the Foz do Amazonas highlights local fears about spills and the challenge of winning community trust for new oil activity. Climate & Food Risk: WFP warned El Niño conditions are strengthening and could become among the strongest on record, raising hunger risks where preparation time is short. Energy Transition Watch: Reuters flagged gas flaring hitting a six-year high in 2025, underscoring why associated gas capture still lags in key oil-producing countries.