Latin America on 24 September 2026: Brazil Braces for a US Diesel Ban as Chile’s Kast Falls to 25 Percent

Rio Times · Latin America

Latin America enters Thursday caught between a superpower’s trade whims and its own deep, local stories of grief, money and pride.

Source: RT close, 2026-09-23. Figures rendered directly from the feed.

The Continent’s Mood Today

The continent is not watching one story today. It is pulled in three directions at once: fear of a US export ban on diesel, fury at a Mexican hospital, and pride in a Peruvian food prize.

These are not abstract feelings. A concrete White House memo, a list of five dead children in Durango, and a two-month countdown to Lima’s restaurant awards are setting the emotional temperature.

Brazil – Anxious Over Diesel, Quietly Relieved on Trade

Brazil’s front pages this morning carry a specific American anxiety: a possible 90-day ban on US diesel exports. Politico reported the Trump administration was preparing the ban on September 23.

The idea faced opposition from Energy Secretary Chris Wright and Treasury Secretary Scott Bessent, plus many Republican lawmakers. Brazilians worry this will make fuel more expensive for everyone, not just Americans.

Domestically, the mood is pragmatic and watchful. The Finance Ministry cut Brazil’s 2026 growth forecast to 2.0 percent on September 22, with services and industry marked down.

Yet business is not frozen. The education merger of Yduqs and Afya created a group worth over R$9 billion, while Vale paid US$190 million for a 30 percent stake in Pará Miner Ligga.

The deeper mood is one of dodging bullets. A smaller-than-expected ArtRio crowd and a weak growth forecast suggest a country trying to hold its breath until the October election.

For a foreigner holding assets here, the practical question is simple: watch the US diesel decision closely, because Brazil’s transport costs, inflation and political mood all move with it.

Mexico – Raw Grief and a Broken Promise in Durango

Mexico’s mood is one of parental fury and institutional shame. Five newborns died in the IMSS Hospital General de Zona No. 1 neonatal intensive-care unit in Durango between September 15 and 19.

The deaths were spread out: three on September 15, one on September 18, one on September 19. The IMSS confirmed that four of the five infants tested positive for a bacterium but has not said it caused the deaths.

Parents are not buying the silence. They called the situation ‘an atrocity’ and said an IMSS meeting gave them no clear explanation or reports. Now they are filing a complaint before the Federal Attorney General’s Office.

This touches a deep national wound: the fear that public health institutions protect themselves before serving the people. The mixed response from health authorities only deepens the distrust.

In the middle of this pain, designer Elvis Guerra met with President Claudia Sheinbaum and security chief Omar García Harfuch after a shooting at her home in Oaxaca. It is a reminder that violence touches even the powerful.

For a foreigner living in Mexico, the takeaway is plain: the federal health system is under extreme public pressure, and local anger is spilling into national politics.

Peru – Pride in Lima’s Kitchens, Blood in the Headlines

Peru is feeling a strange double mood. There is real pride that the 50 Best Restaurants awards are coming to Lima from November 2 to 4, the first edition in South America.

But the front pages are also grim. Susy Aponte Polo’s killing is being treated as a contract hit. Two foreign suspects are being held.

This mix of celebration and violence is not new for Peru. The country earns global admiration for its food while struggling to keep its streets safe and its institutions clean.

The Grupo Romero’s sale of Primax, Caña Brava and Centinela in 2026 is another sign of a wealthy family shrinking its footprint. The family says it is not leaving the country, but the message is defensive.

For a foreigner in Lima, the mood means two things: book early for the restaurant events, and stay alert in the streets. The same city that hosts the world’s best chefs is also processing a professional murder.

Chile – A Conservative Slide and a Dead Carabinero

Chile’s mood is wounded and defensive. José Antonio Kast’s approval fell to 25 percent in a September Data Influye survey, an 11-point drop from August.

The same pollster had Kast himself at 26 percent in May. Six months into his term, he is back where he started.

Crime is driving the gloom. A carabinero was shot dead while selling goods on August 27, and a new suspect was just arrested, bringing the total to eight.

This is not just a headline. Chileans feel the state is losing control of daily safety, and the collapse of a migrant detention reform by one vote on September 22 shows the political system cannot agree on a fix.

For a foreigner holding assets in Chile, the practical message is to expect more political volatility. The right is not a stable refuge, and the security crisis is now a defining campaign issue.

Argentina – Giddy on Greenbacks, Wary of Cracks

Argentina is high on its own potential. Facundo Gómez Minujín, regional CEO of JP Morgan Chase, said Argentina could reach investment grade in the next few years if Milei stays the course.

The US is dangling a US$6 to 7 billion energy package for the Andes-Atlántico Corridor, linking Vaca Muerta to Atlantic ports and critical minerals.

But the country knows how quickly this can sour. The Merval closed flat on September 22 while Argentina’s country risk premium hit a five-month high.

The internal tensions are real. Karina Milei and Patricia Bullrich met with senators to calm the chaos after the budget presentation, and a corruption case against 19 people in the disability agency was just upheld.

So the mood is not pure optimism. It is the careful, almost superstitious joy of a country that has seen dollar promises evaporate before.

For a foreigner with money in Argentina, the rule is simple: follow the financing announcements, but check the country risk premium daily. The gap between promise and delivery is still wide.

Colombia – Holding Up Farmers While Juggling Debt

Colombia’s mood is strained but active. The government plans to decree an economic emergency on September 28, freezing about 55 trillion pesos, some US$17 billion, in drought-hit farm loans.

This is a direct response to a countryside that feels abandoned by the weather and the bank. Farmers need the pause to survive.

At the same time, the new Ecopetrol board is learning what ‘chicharrones’ means. The company’s direction is now in the hands of people close to President Abelardo De La Espriella.

There is some institutional good news: a merit hiring bill survived a 78-4 Senate vote on minimum standards for senior state jobs. That is a small win against clientelism.

The mood is not calm, but it is not panicked. Colombia is grinding through its problems, trying to keep farmers solvent and the oil giant alive at the same time.

For a foreigner in Bogotá, watch the farm debt vote and the Ecopetrol strategy. Both will shape inflation, energy prices and rural stability.

The Shared Mood

Latin America today is not a single story. It is a basket of anxieties: a diesel ban that could hurt Brazil, dead babies that shame Mexico’s health system, a dead policeman that haunts Chile, and a farm debt crisis that tests Colombia.

But there is also ambition: Peru’s kitchens, Argentina’s energy corridor, Colombia’s infrastructure pitch in New York. The continent is trying to build while it grieves.

The common thread is a feeling of exposure: to Washington’s decisions, to institutional failure, to nature’s droughts, and to violence that no government seems able to stop.

For a foreigner living here or holding assets in the region, the lesson is not to look away from the front pages. The mood is driven by specific, named events, and those events move money and safety.

Frequently Asked Questions

What is the US diesel export ban and why does Brazil care?

The Trump administration was reportedly preparing a 90-day ban on US diesel exports on September 23. Brazil fears this will raise global fuel prices and hit its transport and inflation costs.

What happened to the five babies in Durango?

Five newborns died in the IMSS Hospital General de Zona No. 1 neonatal intensive-care unit in Durango between September 15 and 19, 2026. Four tested positive for a bacterium, but the IMSS has not said it caused the deaths. Parents are filing a complaint before the FGR.

Why is Chile’s political mood so negative?

José Antonio Kast’s approval fell 11 points, from 36 percent in August to 25 percent, in the September 2026 Data Influye poll of 1,216 people. A carabinero was shot dead in August, and a reform on migrant detention failed by one vote on September 22, deepening the sense of crisis.

Sources: Politico, El Financiero, La Jornada, The Rio Times

Companion: today’s Latin America Power Map (PDF) — our full daily dossier on who holds power across the region.

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