IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.29% USD/MXN17.40▼ 0.10% USD/CLP934.59▼ 0.12% USD/COP3,200▼ 1.73% USD/PEN3.40▲ 0.07% USD/ARS1,479▲ 0.05% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.88% BRENT 93.90 ▲ 3.18% WTI 86.77 ▲ 2.19% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.05% GOLD 4,162 ▲ 2.23% SILVER 60.64 ▲ 3.06% SOY 1,237 ▲ 1.39% CORN 483.50 ▲ 6.79% WHEAT 704.50 ▲ 3.91% COFFEE 314.50 ▼ 5.26% SUGAR 14.72 ▼ 1.08% ORANGE JUICE 149.65 ▲ 4.07% COTTON 80.43 ▲ 1.86% COCOA 5,336 ▼ 4.83% BEEF 219.60 ▼ 3.12% CATTLE 337.25 ▼ 3.52% LITHIUM 69.29 ▲ 0.30% PETR4 42.41 ▲ 1.80% VALE3 74.40 ▲ 2.99% ITUB4 42.42 ▼ 0.26% BBDC4 18.58 ▲ 0.16% ABEV3 15.97 ▲ 1.08% BBAS3 20.80 ▼ 0.38% B3SA3 15.58 ▲ 2.70% WEGE3 46.82 ▲ 10.24% PRIO3 59.38 ▲ 2.06% SUZB3 41.90 ▲ 0.65% RENT3 36.85 ▲ 0.82% AZZA3 17.56 ▲ 0.46% CSAN3 3.90 ▲ 3.17% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▼ 0.37% GMAT3 3.85 ▲ 0.52% PSSA3 54.68 ▲ 2.24% CVCB3 1.19 ▲ 6.25% POSI3 3.72 ▲ 1.09% SLCE3 13.76 ▲ 0.07% NATU3 8.78 ▲ 0.80% BRKM5 6.10 ▲ 6.83% RANI3 7.95 ▲ 0.76% CSNA3 5.32 ▲ 5.14% CMIN3 5.78 ▲ 3.58% USIM5 8.64 ▲ 2.13% GGBR4 23.74 ▲ 1.06% ENEV3 25.62 ▲ 0.79% CPFE3 46.47 ▲ 0.15% CMIG4 11.09 ▲ 0.64% EQTL3 38.78 ▼ 0.13% LREN3 13.43 ▲ 1.21% VIVT3 35.37 ▼ 1.20% RAIL3 13.56 ▲ 2.42% KLABIN 17.80 ▲ 1.19% RAIA DROGASIL 18.16 ▲ 0.17% RDOR3 34.00 ▲ 0.24% HAPV3 11.53 ▲ 2.58% FLRY3 16.67 ▲ 0.73% SMTO3 15.98 ▲ 2.57% UGPA3 32.46 ▲ 2.01% VBBR3 34.51 ▲ 1.65% BBSE3 41.94 ▲ 0.94% BPAC11 56.23 ▲ 1.55% CURY3 30.14 ▲ 0.63% AERI3 2.05 ▲ 0.49% VIVARA 21.31 ▼ 0.47% COMPASS 24.75 ▲ 1.27% VAMOS 3.13 ▲ 1.29% SANB11 26.52 ▼ 2.54% ASAI3 8.39 ▲ 1.70% SBSP3 28.92 ▲ 1.12% WALMEX 48.91 ▼ 0.49% GMEXICO 214.12 ▲ 2.46% FEMSA 227.24 ▲ 0.22% CEMEX 22.12 ▲ 0.23% GFNORTE 187.27 ▲ 0.79% BIMBO 60.11 ▲ 1.21% TELEVISA 9.87 ▲ 1.13% AMX 22.65 ▼ 0.48% GAP 376.20 ▼ 0.61% ASUR 271.48 ▼ 1.27% OMA 226.43 ▲ 0.08% KOF 182.42 ▲ 1.08% GRUMA 279.30 ▼ 1.17% KIMBER 39.31 ▲ 2.37% SQM-B 66,001 ▲ 2.26% COPEC 6,465 ▲ 0.22% BSANTANDER 79.24 ▲ 0.29% FALABELLA 5,954 ▲ 0.59% ENELAM 84.40 ▼ 0.15% CENCOSUD 2,015 ▼ 0.64% CMPC 1,074 ▼ 0.96% BANCO CHILE 190.62 ▲ 0.32% LATAM AIR 24.00 ▼ 0.83% YPF 81,625 ▲ 1.24% GGAL 8,145 ▲ 2.26% PAMPA 5,530 ▲ 1.00% TXAR 673.00 ▼ 0.88% ALUAR 971.00 ▼ 0.21% TGS 9,760 ▲ 0.51% CEPU 2,357 ▲ 0.73% MIRGOR 16,850 ▲ 0.45% COME 43.08 ▲ 0.49% LOMA NEGRA 3,628 ▲ 0.62% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,278 ▲ 0.53% ECOPETROL 16.77 ▲ 1.42% BANCOLOMBIA 84.18 ▲ 0.65% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 390.00 ▼ 0.28% SOUTHERN COPPER 193.88 ▲ 3.12% BUENAVENTURA 32.63 ▲ 4.40% MERCADOLIBRE 1,808 ▼ 0.81% NUBANK 14.05 ▼ 2.34% XP 17.02 ▲ 0.98% PAGSEGURO 9.56 ▼ 0.26% STONE 11.16 ▼ 0.84% GLOBANT 31.85 ▼ 0.79% TECNOGLASS 45.13 ▼ 0.04% GAP AIRPORT 215.60 ▼ 0.96% ASUR 271.48 ▼ 1.27% OMA AIRPORT 104.05 ▼ 0.18% AMX ADR 25.87 ▼ 0.84% FEMSA ADR 130.73 ▲ 0.29% CEMEX ADR 12.66 ▼ 0.35% PETROBRAS ADR 18.91 ▲ 2.00% VALE ADR 14.68 ▲ 3.02% ITAU ADR 8.35 ▼ 0.65% SANTANDER BR 5.36 ▼ 1.02% AMBEV ADR 3.13 ▲ 0.48% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.40% LATAM ADR 51.18 ▼ 0.76% BTC 65,949 ▼ 0.84% ETH 1,942 ▲ 0.73% SOL 78.48 ▲ 0.48% XRP 1.15 ▲ 0.74% BNB 572.16 ▼ 0.25% ADA 0.18 ▲ 2.34% DOGE 0.07 ▼ 0.32% AVAX 6.62 ▲ 0.89% LINK 8.69 ▲ 0.43% DOT 0.84 ▼ 0.33% LTC 46.82 ▲ 0.01% BCH 220.88 ▼ 1.26% TRX 0.33 ▼ 0.31% XLM 0.19 ▼ 0.77% HBAR 0.07 ▲ 4.03% NEAR 1.89 ▼ 2.12% ATOM 1.46 ▼ 1.35% AAVE 97.48 ▲ 2.00% SELIC 14.25% EMBRAER 83.12 ▲ 0.57% EMBRAER ADR 65.67 ▲ 0.31% JBS 12.07 ▲ 0.96% JBS BDR 60.98 ▲ 1.26% MBRF3 15.46 ▲ 2.32% MBRFY 3.01 ▲ 2.03% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR16.40▼ 0.43% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.12▼ 0.03% USD/CNY6.76▼ 0.08% DAX 25,166 ▲ 0.62% CAC 8,446 ▲ 1.00% FTSE 10,730 ▲ 1.36% MIB 52,749 ▲ 0.89% IBEX 19,579 ▲ 1.03% STOXX 647.23 ▲ 0.63% EUR/USD1.14▲ 0.12% GBP/USD 1.3379 — 0.00% SPX 7,520 ▲ 0.15% DJI 52,367 ▲ 0.27% NDX 29,159 ▲ 0.01% RUT 2,967 ▼ 0.69% TSX 35,581 ▲ 0.60% VIX 16.91 ▼ 0.82% USD/CAD1.41▼ 0.16% US10Y 4.6530 ▲ 0.54% IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.29% USD/MXN 17.40 ▼ 0.10% USD/CLP 934.65 ▼ 0.11% USD/COP 3,200 ▼ 1.73% USD/PEN 3.40 ▲ 0.07% USD/ARS 1,479 ▲ 0.05% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.88% BRENT 93.90 ▲ 3.18% WTI 86.77 ▲ 2.19% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.05% GOLD 4,162 ▲ 2.23% SILVER 60.64 ▲ 3.06% SOY 1,237 ▲ 1.39% CORN 483.50 ▲ 6.79% WHEAT 704.50 ▲ 3.91% COFFEE 314.50 ▼ 5.26% SUGAR 14.72 ▼ 1.08% ORANGE JUICE 149.65 ▲ 4.07% COTTON 80.43 ▲ 1.86% COCOA 5,336 ▼ 4.83% BEEF 219.60 ▼ 3.12% CATTLE 337.25 ▼ 3.52% LITHIUM 69.29 ▲ 0.30% PETR4 42.41 ▲ 1.80% VALE3 74.40 ▲ 2.99% ITUB4 42.42 ▼ 0.26% BBDC4 18.58 ▲ 0.16% ABEV3 15.97 ▲ 1.08% BBAS3 20.80 ▼ 0.38% B3SA3 15.58 ▲ 2.70% WEGE3 46.82 ▲ 10.24% PRIO3 59.38 ▲ 2.06% SUZB3 41.90 ▲ 0.65% RENT3 36.85 ▲ 0.82% AZZA3 17.56 ▲ 0.46% CSAN3 3.90 ▲ 3.17% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▼ 0.37% GMAT3 3.85 ▲ 0.52% PSSA3 54.68 ▲ 2.24% CVCB3 1.19 ▲ 6.25% POSI3 3.72 ▲ 1.09% SLCE3 13.76 ▲ 0.07% NATU3 8.78 ▲ 0.80% BRKM5 6.10 ▲ 6.83% RANI3 7.95 ▲ 0.76% CSNA3 5.32 ▲ 5.14% CMIN3 5.78 ▲ 3.58% USIM5 8.64 ▲ 2.13% GGBR4 23.74 ▲ 1.06% ENEV3 25.62 ▲ 0.79% CPFE3 46.47 ▲ 0.15% CMIG4 11.09 ▲ 0.64% EQTL3 38.78 ▼ 0.13% LREN3 13.43 ▲ 1.21% VIVT3 35.37 ▼ 1.20% RAIL3 13.56 ▲ 2.42% KLABIN 17.80 ▲ 1.19% RAIA DROGASIL 18.16 ▲ 0.17% RDOR3 34.00 ▲ 0.24% HAPV3 11.53 ▲ 2.58% FLRY3 16.67 ▲ 0.73% SMTO3 15.98 ▲ 2.57% UGPA3 32.46 ▲ 2.01% VBBR3 34.51 ▲ 1.65% BBSE3 41.94 ▲ 0.94% BPAC11 56.23 ▲ 1.55% CURY3 30.14 ▲ 0.63% AERI3 2.05 ▲ 0.49% VIVARA 21.31 ▼ 0.47% COMPASS 24.75 ▲ 1.27% VAMOS 3.13 ▲ 1.29% SANB11 26.52 ▼ 2.54% ASAI3 8.39 ▲ 1.70% SBSP3 28.92 ▲ 1.12% WALMEX 48.91 ▼ 0.49% GMEXICO 214.12 ▲ 2.46% FEMSA 227.24 ▲ 0.22% CEMEX 22.12 ▲ 0.23% GFNORTE 187.27 ▲ 0.79% BIMBO 60.11 ▲ 1.21% TELEVISA 9.87 ▲ 1.13% AMX 22.65 ▼ 0.48% GAP 376.20 ▼ 0.61% ASUR 271.48 ▼ 1.27% OMA 226.43 ▲ 0.08% KOF 182.42 ▲ 1.08% GRUMA 279.30 ▼ 1.17% KIMBER 39.31 ▲ 2.37% SQM-B 66,001 ▲ 2.26% COPEC 6,465 ▲ 0.22% BSANTANDER 79.24 ▲ 0.29% FALABELLA 5,954 ▲ 0.59% ENELAM 84.40 ▼ 0.15% CENCOSUD 2,015 ▼ 0.64% CMPC 1,074 ▼ 0.96% BANCO CHILE 190.62 ▲ 0.32% LATAM AIR 24.00 ▼ 0.83% YPF 81,625 ▲ 1.24% GGAL 8,145 ▲ 2.26% PAMPA 5,530 ▲ 1.00% TXAR 673.00 ▼ 0.88% ALUAR 971.00 ▼ 0.21% TGS 9,760 ▲ 0.51% CEPU 2,357 ▲ 0.73% MIRGOR 16,850 ▲ 0.45% COME 43.08 ▲ 0.49% LOMA NEGRA 3,628 ▲ 0.62% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,278 ▲ 0.53% ECOPETROL 16.77 ▲ 1.42% BANCOLOMBIA 84.18 ▲ 0.65% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 390.00 ▼ 0.28% SOUTHERN COPPER 193.88 ▲ 3.12% BUENAVENTURA 32.63 ▲ 4.40% MERCADOLIBRE 1,808 ▼ 0.81% NUBANK 14.05 ▼ 2.34% XP 17.02 ▲ 0.98% PAGSEGURO 9.56 ▼ 0.26% STONE 11.16 ▼ 0.84% GLOBANT 31.85 ▼ 0.79% TECNOGLASS 45.13 ▼ 0.04% GAP AIRPORT 215.60 ▼ 0.96% ASUR 271.48 ▼ 1.27% OMA AIRPORT 104.05 ▼ 0.18% AMX ADR 25.87 ▼ 0.84% FEMSA ADR 130.73 ▲ 0.29% CEMEX ADR 12.66 ▼ 0.35% PETROBRAS ADR 18.91 ▲ 2.00% VALE ADR 14.68 ▲ 3.02% ITAU ADR 8.35 ▼ 0.65% SANTANDER BR 5.36 ▼ 1.02% AMBEV ADR 3.13 ▲ 0.48% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.40% LATAM ADR 51.18 ▼ 0.76% BTC 65,949 ▼ 0.84% ETH 1,942 ▲ 0.73% SOL 78.48 ▲ 0.48% XRP 1.15 ▲ 0.74% BNB 572.16 ▼ 0.25% ADA 0.18 ▲ 2.34% DOGE 0.07 ▼ 0.32% AVAX 6.62 ▲ 0.89% LINK 8.69 ▲ 0.43% DOT 0.84 ▼ 0.33% LTC 46.82 ▲ 0.01% BCH 220.88 ▼ 1.26% TRX 0.33 ▼ 0.31% XLM 0.19 ▼ 0.77% HBAR 0.07 ▲ 4.03% NEAR 1.89 ▼ 2.12% ATOM 1.46 ▼ 1.35% AAVE 97.48 ▲ 2.00% SELIC 14.25% EMBRAER 83.12 ▲ 0.57% EMBRAER ADR 65.67 ▲ 0.31% JBS 12.07 ▲ 0.96% JBS BDR 60.98 ▲ 1.26% MBRF3 15.46 ▲ 2.32% MBRFY 3.01 ▲ 2.03% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR 16.41 ▼ 0.31% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.11 ▼ 0.02% USD/CNY 6.7608 ▲ 0.06% DAX 25,166 ▲ 0.62% CAC 8,446 ▲ 1.00% FTSE 10,730 ▲ 1.36% MIB 52,749 ▲ 0.89% IBEX 19,579 ▲ 1.03% STOXX 647.23 ▲ 0.63% EUR/USD 1.1417 ▲ 0.11% GBP/USD 1.3379 — 0.00% SPX 7,520 ▲ 0.15% DJI 52,367 ▲ 0.27% NDX 29,159 ▲ 0.01% RUT 2,967 ▼ 0.69% TSX 35,581 ▲ 0.60% VIX 16.91 ▼ 0.82% USD/CAD 1.4085 ▼ 0.15% US10Y 4.6530 ▲ 0.54%
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Wednesday, July 22, 2026

Gulf Clan’s Rise Tests Colombia’s Peace Ambitions

By · March 18, 2024 · 2 min read

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The Gulf Clan, now called the Gaitanist Army of Colombia, significantly challenges President Gustavo Petro’s complete peace initiative.

A legal framework is essential for dialogue with this leading armed group, states the Ideas for Peace Foundation (FIP) in a new report.

This document reviews previous negotiation efforts with the country’s largest narcotrafficking gang.

Talks with the clan have not advanced. Last month, Petro issued an ultimatum and even threatened their first airstrike.

However, this firm approach followed the group’s ambush that killed four soldiers in Segovia, Antioquia.

Gulf Clan's Rise Tests Colombia's Peace Ambitions
Gulf Clan’s Rise Tests Colombia’s Peace Ambitions. (Photo Internet reproduction)
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Petro warned, “If they fail to disband as requested, the state will destroy them.” The government is considering resuming airstrikes against such armed camps.

In late 2023, the Clan rebranded as an “Army,” expressing peace desires in a video lacking unilateral ceasefire evidence.

Negotiating with Criminal Entities

FIP’s Maria Victoria Llorente emphasizes the need to differentiate negotiations with political and non-political entities.

While discussions with the ELN and the Central General Staff progress, talks with criminal factions like the Gulf Clan stall.

Temporary ceasefires have been agreed upon with the ELN and EMC, with a third negotiation table announced as part of the peace strategy.

Originating from paramilitary groups in Alvaro Uribe’s term (2002–2010), the Gulf Clan is linked to half of Colombia’s drug trade, extortion, illegal mining, and municipal corruption.

It has grown from under 4,000 to over 6,000 members, claiming to be a “political-military organization” and engaging in conflicts with the ELN and EMC.

“The Last Negotiation with the Clan” explores lessons from attempts to negotiate with non-rebel criminal factions.

The most detailed talks, under Juan Manuel Santos, remain mostly secret.

FIP highlights the need for a balanced legal framework for submission, combining clear incentives with respect for prosecutorial and government autonomy.

Key to negotiation success are state intelligence and a dedicated team, outlining clear negotiation goals.

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