IBOV 170,348 ▼ 2.21% IPSA 10,366 ▼ 0.99% IPC MEX 68,313 ▼ 0.84% MERVAL 3,162,872 ▼ 1.90% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▲ 1.15% USD/MXN 17.34 ▲ 0.24% USD/CLP 894.77 ▲ 0.76% USD/COP 3,572 ▲ 0.19% USD/PEN 3.40 ▼ 0.02% USD/ARS 1,439 ▲ 0.82% USD/UYU 40.27 ▲ 1.59% USD/PYG 6,095 ▲ 3.16% USD/BOB 6.85 ▲ 1.64% USD/DOP 57.83 ▲ 0.14% USD/CRC 456.90 ▲ 3.28% USD/GTQ 7.62 ▲ 2.15% USD/HNL 26.64 ▲ 1.72% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▼ 0.01% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.60% USD/JMD 156.58 ▲ 0.37% USD/TTD 6.67 ▲ 0.14% EUR/BRL 5.87 ▲ 0.24% BRENT 97.98 ▲ 2.06% WTI 96.21 ▲ 2.61% IRON ORE 161.91 — — COPPER 6.49 ▼ 2.41% GOLD 4,473 ▼ 0.36% SILVER 73.45 ▼ 2.48% SOY 1,154 ▼ 1.01% CORN 430.75 ▼ 2.21% WHEAT 586.75 ▼ 2.69% COFFEE 252.65 ▼ 2.53% SUGAR 14.22 ▼ 1.11% ORANGE JUICE 167.05 ▲ 4.41% COTTON 76.58 ▼ 0.60% COCOA 4,037 ▼ 1.73% BEEF 237.85 ▼ 3.97% CATTLE 342.58 ▼ 1.68% LITHIUM 84.82 ▼ 1.83% PETR4 41.41 ▼ 0.38% VALE3 82.00 ▼ 3.53% ITUB4 38.77 ▼ 2.00% BBDC4 17.35 ▼ 2.25% ABEV3 16.08 ▼ 2.25% BBAS3 19.58 ▼ 1.56% B3SA3 15.54 ▼ 4.55% WEGE3 41.91 ▼ 0.21% PRIO3 62.55 ▲ 0.92% SUZB3 40.94 ▲ 1.26% RENT3 40.70 ▼ 2.70% AZZA3 17.50 ▼ 7.85% CSAN3 3.60 ▼ 7.22% RAIZ4 0.40 ▲ 5.26% PCAR3 1.57 — 0.00% GMAT3 4.16 ▼ 1.19% PSSA3 48.04 ▼ 1.44% CVCB3 1.46 ▼ 5.19% POSI3 3.70 ▼ 8.87% SLCE3 15.02 ▼ 1.77% NATU3 9.73 ▼ 1.32% BRKM5 9.53 ▼ 4.80% RANI3 7.83 ▼ 0.38% CSNA3 6.71 ▼ 5.89% CMIN3 4.48 ▼ 6.28% USIM5 11.39 ▼ 5.40% GGBR4 24.07 ▼ 2.35% ENEV3 24.42 ▼ 3.67% NEOE3 33.80 — 0.00% CPFE3 43.23 ▼ 0.62% CMIG4 10.82 ▼ 1.64% EQTL3 39.22 ▲ 0.38% LREN3 14.72 ▼ 5.15% VIVT3 33.66 ▼ 0.41% RAIL3 13.81 ▼ 2.68% KLABIN 16.77 ▼ 0.83% RAIA DROGASIL 17.45 ▼ 3.59% RDOR3 32.95 ▼ 3.80% HAPV3 11.11 ▼ 9.16% FLRY3 14.78 ▼ 3.59% SMTO3 17.33 ▼ 0.97% UGPA3 24.84 ▼ 3.38% VBBR3 29.33 ▼ 2.66% BBSE3 35.02 ▼ 0.31% BPAC11 50.86 ▼ 4.49% CURY3 29.50 ▼ 5.84% AERI3 2.29 ▼ 2.14% VIVARA 20.21 ▼ 5.56% COMPASS 25.78 ▼ 2.72% VAMOS 2.92 ▼ 1.68% SANB11 26.74 ▼ 2.27% ASAI3 8.75 ▼ 3.31% SBSP3 27.20 ▼ 1.77% WALMEX 52.17 ▲ 0.42% GMEXICO 214.06 ▼ 3.02% FEMSA 211.80 ▲ 1.92% CEMEX 22.45 ▼ 1.32% GFNORTE 180.93 ▼ 0.72% BIMBO 58.45 ▲ 0.46% TELEVISA 9.04 ▼ 1.95% AMX 22.22 ▼ 0.13% GAP 419.33 ▲ 0.93% ASUR 297.10 ▼ 1.96% OMA 220.06 ▼ 1.56% KOF 187.12 ▼ 0.40% GRUMA 294.63 ▲ 0.45% KIMBER 38.12 ▼ 0.76% SQM-B 70,938 ▼ 1.38% COPEC 6,123 ▼ 1.00% BSANTANDER 68.13 ▼ 1.28% FALABELLA 5,524 ▼ 0.73% ENELAM 76.80 ▼ 1.15% CENCOSUD 2,141 ▼ 0.87% CMPC 1,027 ▼ 0.48% BANCO CHILE 164.51 ▼ 1.37% LATAM AIR 22.26 ▼ 1.50% YPF 82,900 ▼ 0.45% GGAL 7,360 ▼ 2.97% PAMPA 5,120 ▼ 1.25% TXAR 679.00 ▼ 1.74% ALUAR 1,015 ▲ 1.50% TGS 9,210 ▼ 2.75% CEPU 2,313 ▼ 2.32% MIRGOR 16,925 ▼ 0.88% COME 47.89 ▼ 3.21% LOMA NEGRA 3,448 ▼ 1.64% BYMA 293.00 — 0.00% TELECOM ARG 4,060 ▼ 2.70% ECOPETROL 15.64 ▼ 2.13% BANCOLOMBIA 72.25 ▼ 2.03% GRUPO AVAL 4.96 ▲ 0.40% CREDICORP 328.83 ▼ 4.39% SOUTHERN COPPER 197.68 ▼ 1.83% BUENAVENTURA 33.99 ▼ 2.30% MERCADOLIBRE 1,640 ▼ 1.97% NUBANK 11.69 ▼ 2.05% XP 15.58 ▼ 3.83% PAGSEGURO 8.72 ▼ 5.42% STONE 10.57 ▼ 6.01% GLOBANT 39.72 ▼ 6.07% TECNOGLASS 42.42 ▼ 3.04% GAP AIRPORT 241.50 ▲ 0.61% ASUR 297.10 ▼ 1.96% OMA AIRPORT 101.33 ▼ 2.11% AMX ADR 25.59 ▼ 0.49% FEMSA ADR 121.90 ▲ 1.47% CEMEX ADR 12.91 ▼ 1.19% PETROBRAS ADR 18.28 ▼ 2.38% VALE ADR 16.14 ▼ 4.07% ITAU ADR 7.60 ▼ 3.37% SANTANDER BR 5.30 ▼ 3.38% AMBEV ADR 3.15 ▼ 3.23% CSN 1.33 ▼ 6.69% GERDAU 4.76 ▼ 2.76% LATAM ADR 49.74 ▼ 2.49% BTC 65,291 ▼ 2.12% ETH 1,802 ▼ 3.00% SOL 71.88 ▼ 3.05% XRP 1.20 ▼ 0.57% BNB 622.51 ▼ 4.29% ADA 0.20 ▼ 3.60% DOGE 0.09 ▼ 0.83% AVAX 8.06 ▼ 1.32% LINK 8.22 ▼ 1.68% DOT 1.10 ▲ 1.97% LTC 47.33 ▲ 0.90% BCH 243.30 ▼ 9.54% TRX 0.33 ▲ 0.41% XLM 0.21 ▼ 3.42% HBAR 0.09 ▼ 1.25% NEAR 2.84 ▲ 8.13% ATOM 1.87 ▲ 2.69% AAVE 74.63 ▲ 1.54% SELIC 14.50% EMBRAER 69.69 ▼ 3.14% EMBRAER ADR 54.95 ▼ 4.05% JBS 11.84 ▼ 2.99% JBS BDR 60.03 ▼ 0.96% MBRF3 15.45 ▼ 2.52% MBRFY 3.06 ▼ 5.56% INTER 5.76 ▼ 4.00% EGX 52,564 ▼ 0.69% USD/ZAR 16.35 ▲ 0.68% USD/NGN 1,357 ▼ 0.32% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,633 ▼ 1.56% NIFTY 23,406 ▼ 0.33% KOSPI 8,801 ▲ 0.15% JCI 5,941 ▼ 4.11% USD/JPY 160.07 ▲ 0.11% USD/CNY 6.7692 ▲ 0.11% DAX 24,796 ▼ 1.31% CAC 8,150 ▼ 0.71% FTSE 10,332 ▼ 0.40% MIB 50,038 ▼ 1.07% IBEX 18,176 ▼ 0.53% STOXX 621.19 ▼ 0.66% EUR/USD 1.1602 ▼ 0.28% GBP/USD 1.3420 ▼ 0.35% SPX 7,562 ▼ 0.63% DJI 50,772 ▼ 1.04% NDX 30,590 ▼ 0.23% RUT 2,894 ▼ 1.28% TSX 34,814 ▼ 1.01% VIX 15.98 ▲ 1.33% USD/CAD 1.3892 ▲ 0.40% US10Y 4.4910 ▲ 0.81% IBOV 170,348 ▼ 2.21% IPSA 10,366 ▼ 0.99% IPC MEX 68,313 ▼ 0.84% MERVAL 3,162,872 ▼ 1.90% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▲ 1.15% USD/MXN 17.34 ▲ 0.24% USD/CLP 894.77 ▲ 0.76% USD/COP 3,572 ▲ 0.19% USD/PEN 3.40 ▼ 0.02% USD/ARS 1,439 ▲ 0.82% USD/UYU 40.27 ▲ 1.59% USD/PYG 6,095 ▲ 3.16% USD/BOB 6.85 ▲ 1.64% USD/DOP 57.83 ▲ 0.14% USD/CRC 456.90 ▲ 3.28% USD/GTQ 7.62 ▲ 2.15% USD/HNL 26.64 ▲ 1.72% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▼ 0.01% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.60% USD/JMD 156.58 ▲ 0.37% USD/TTD 6.67 ▲ 0.14% EUR/BRL 5.87 ▲ 0.24% BRENT 97.98 ▲ 2.06% WTI 96.21 ▲ 2.61% IRON ORE 161.91 — — COPPER 6.49 ▼ 2.41% GOLD 4,473 ▼ 0.36% SILVER 73.45 ▼ 2.48% SOY 1,154 ▼ 1.01% CORN 430.75 ▼ 2.21% WHEAT 586.75 ▼ 2.69% COFFEE 252.65 ▼ 2.53% SUGAR 14.22 ▼ 1.11% ORANGE JUICE 167.05 ▲ 4.41% COTTON 76.58 ▼ 0.60% COCOA 4,037 ▼ 1.73% BEEF 237.85 ▼ 3.97% CATTLE 342.58 ▼ 1.68% LITHIUM 84.82 ▼ 1.83% PETR4 41.41 ▼ 0.38% VALE3 82.00 ▼ 3.53% ITUB4 38.77 ▼ 2.00% BBDC4 17.35 ▼ 2.25% ABEV3 16.08 ▼ 2.25% BBAS3 19.58 ▼ 1.56% B3SA3 15.54 ▼ 4.55% WEGE3 41.91 ▼ 0.21% PRIO3 62.55 ▲ 0.92% SUZB3 40.94 ▲ 1.26% RENT3 40.70 ▼ 2.70% AZZA3 17.50 ▼ 7.85% CSAN3 3.60 ▼ 7.22% RAIZ4 0.40 ▲ 5.26% PCAR3 1.57 — 0.00% GMAT3 4.16 ▼ 1.19% PSSA3 48.04 ▼ 1.44% CVCB3 1.46 ▼ 5.19% POSI3 3.70 ▼ 8.87% SLCE3 15.02 ▼ 1.77% NATU3 9.73 ▼ 1.32% BRKM5 9.53 ▼ 4.80% RANI3 7.83 ▼ 0.38% CSNA3 6.71 ▼ 5.89% CMIN3 4.48 ▼ 6.28% USIM5 11.39 ▼ 5.40% GGBR4 24.07 ▼ 2.35% ENEV3 24.42 ▼ 3.67% NEOE3 33.80 — 0.00% CPFE3 43.23 ▼ 0.62% CMIG4 10.82 ▼ 1.64% EQTL3 39.22 ▲ 0.38% LREN3 14.72 ▼ 5.15% VIVT3 33.66 ▼ 0.41% RAIL3 13.81 ▼ 2.68% KLABIN 16.77 ▼ 0.83% RAIA DROGASIL 17.45 ▼ 3.59% RDOR3 32.95 ▼ 3.80% HAPV3 11.11 ▼ 9.16% FLRY3 14.78 ▼ 3.59% SMTO3 17.33 ▼ 0.97% UGPA3 24.84 ▼ 3.38% VBBR3 29.33 ▼ 2.66% BBSE3 35.02 ▼ 0.31% BPAC11 50.86 ▼ 4.49% CURY3 29.50 ▼ 5.84% AERI3 2.29 ▼ 2.14% VIVARA 20.21 ▼ 5.56% COMPASS 25.78 ▼ 2.72% VAMOS 2.92 ▼ 1.68% SANB11 26.74 ▼ 2.27% ASAI3 8.75 ▼ 3.31% SBSP3 27.20 ▼ 1.77% WALMEX 52.17 ▲ 0.42% GMEXICO 214.06 ▼ 3.02% FEMSA 211.80 ▲ 1.92% CEMEX 22.45 ▼ 1.32% GFNORTE 180.93 ▼ 0.72% BIMBO 58.45 ▲ 0.46% TELEVISA 9.04 ▼ 1.95% AMX 22.22 ▼ 0.13% GAP 419.33 ▲ 0.93% ASUR 297.10 ▼ 1.96% OMA 220.06 ▼ 1.56% KOF 187.12 ▼ 0.40% GRUMA 294.63 ▲ 0.45% KIMBER 38.12 ▼ 0.76% SQM-B 70,938 ▼ 1.38% COPEC 6,123 ▼ 1.00% BSANTANDER 68.13 ▼ 1.28% FALABELLA 5,524 ▼ 0.73% ENELAM 76.80 ▼ 1.15% CENCOSUD 2,141 ▼ 0.87% CMPC 1,027 ▼ 0.48% BANCO CHILE 164.51 ▼ 1.37% LATAM AIR 22.26 ▼ 1.50% YPF 82,900 ▼ 0.45% GGAL 7,360 ▼ 2.97% PAMPA 5,120 ▼ 1.25% TXAR 679.00 ▼ 1.74% ALUAR 1,015 ▲ 1.50% TGS 9,210 ▼ 2.75% CEPU 2,313 ▼ 2.32% MIRGOR 16,925 ▼ 0.88% COME 47.89 ▼ 3.21% LOMA NEGRA 3,448 ▼ 1.64% BYMA 293.00 — 0.00% TELECOM ARG 4,060 ▼ 2.70% ECOPETROL 15.64 ▼ 2.13% BANCOLOMBIA 72.25 ▼ 2.03% GRUPO AVAL 4.96 ▲ 0.40% CREDICORP 328.83 ▼ 4.39% SOUTHERN COPPER 197.68 ▼ 1.83% BUENAVENTURA 33.99 ▼ 2.30% MERCADOLIBRE 1,640 ▼ 1.97% NUBANK 11.69 ▼ 2.05% XP 15.58 ▼ 3.83% PAGSEGURO 8.72 ▼ 5.42% STONE 10.57 ▼ 6.01% GLOBANT 39.72 ▼ 6.07% TECNOGLASS 42.42 ▼ 3.04% GAP AIRPORT 241.50 ▲ 0.61% ASUR 297.10 ▼ 1.96% OMA AIRPORT 101.33 ▼ 2.11% AMX ADR 25.59 ▼ 0.49% FEMSA ADR 121.90 ▲ 1.47% CEMEX ADR 12.91 ▼ 1.19% PETROBRAS ADR 18.28 ▼ 2.38% VALE ADR 16.14 ▼ 4.07% ITAU ADR 7.60 ▼ 3.37% SANTANDER BR 5.30 ▼ 3.38% AMBEV ADR 3.15 ▼ 3.23% CSN 1.33 ▼ 6.69% GERDAU 4.76 ▼ 2.76% LATAM ADR 49.74 ▼ 2.49% BTC 65,291 ▼ 2.12% ETH 1,802 ▼ 3.00% SOL 71.88 ▼ 3.05% XRP 1.20 ▼ 0.57% BNB 622.51 ▼ 4.29% ADA 0.20 ▼ 3.60% DOGE 0.09 ▼ 0.83% AVAX 8.06 ▼ 1.32% LINK 8.22 ▼ 1.68% DOT 1.10 ▲ 1.97% LTC 47.33 ▲ 0.90% BCH 243.30 ▼ 9.54% TRX 0.33 ▲ 0.41% XLM 0.21 ▼ 3.42% HBAR 0.09 ▼ 1.25% NEAR 2.84 ▲ 8.13% ATOM 1.87 ▲ 2.69% AAVE 74.63 ▲ 1.54% SELIC 14.50% EMBRAER 69.69 ▼ 3.14% EMBRAER ADR 54.95 ▼ 4.05% JBS 11.84 ▼ 2.99% JBS BDR 60.03 ▼ 0.96% MBRF3 15.45 ▼ 2.52% MBRFY 3.06 ▼ 5.56% INTER 5.76 ▼ 4.00% EGX 52,564 ▼ 0.69% USD/ZAR 16.35 ▲ 0.68% USD/NGN 1,357 ▼ 0.32% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,633 ▼ 1.56% NIFTY 23,406 ▼ 0.33% KOSPI 8,801 ▲ 0.15% JCI 5,941 ▼ 4.11% USD/JPY 160.07 ▲ 0.11% USD/CNY 6.7692 ▲ 0.11% DAX 24,796 ▼ 1.31% CAC 8,150 ▼ 0.71% FTSE 10,332 ▼ 0.40% MIB 50,038 ▼ 1.07% IBEX 18,176 ▼ 0.53% STOXX 621.19 ▼ 0.66% EUR/USD 1.1602 ▼ 0.28% GBP/USD 1.3420 ▼ 0.35% SPX 7,562 ▼ 0.63% DJI 50,772 ▼ 1.04% NDX 30,590 ▼ 0.23% RUT 2,894 ▼ 1.28% TSX 34,814 ▼ 1.01% VIX 15.98 ▲ 1.33% USD/CAD 1.3892 ▲ 0.40% US10Y 4.4910 ▲ 0.81%
since 2009
Wednesday, June 3, 2026

Analysis Colombia

The Kingmaker in the Dock: How Petro’s Struggling Presidency Turns on Uribe’s Trial

By · July 28, 2025 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

(Op-Ed Analysis) History loves its ironies. Álvaro Uribe, Colombia’s most powerful conservative leader, who once rescued the nation from chaos and made it appealing to global investors, now finds himself fighting to salvage his reputation in court.

The former president, who governed from 2002 to 2010, stands accused of witness tampering and fraud—officially charged with attempting to manipulate testimony in a case involving allegations of his links to right-wing paramilitary groups.

The seriousness of these charges is undeniable, especially in a nation still recovering from decades of paramilitary violence and political corruption. Yet, the charges themselves carry a striking irony.

In Colombia—and indeed much of South America—where corruption, drug lords, and shady backroom deals frequently seem embedded in political life, Uribe’s trial can feel surreal.

Prosecuting the lead actor in this long-running political drama for reciting the script everyone else follows feels like accusing the casino owner of gambling, or indicting the chef for cooking—an extraordinary act of selective moral outrage, albeit wrapped in legitimate concerns.

The Kingmaker in the Dock: How Petro’s Struggling Presidency Turns on Uribe’s Trial
The Kingmaker in the Dock: How Petro’s Struggling Presidency Turns on Uribe’s Trial. (Photo Internet reproduction)
RTAsk Rio TimesHave a question about Brazil or Latin America? Get a straight answer from our reporting.Start asking →

Uribe’s enduring legacy cannot be overstated. For international observers, especially investors, he remains synonymous with security and stability.

Under Uribe, Colombia emerged from decades of guerrilla warfare and narco-violence into relative calm, bolstered by billions in foreign investments that flowed in as confidence grew.

Even today, nearly every conservative figure owes some allegiance—directly or indirectly—to Uribe, whose political machine has shaped the country’s politics for more than two decades.

Yet today, Colombia faces new turbulence. Gustavo Petro, the nation’s first leftist president, rose to power promising transformative change: an end to inequality, corruption, and entrenched conservative politics.

But more than two years into his presidency, Petro’s approval ratings have plummeted amid stalled reforms, economic unease, and widespread social unrest. His administration faces accusations of ineffectiveness, while opposition forces rally, sensing weakness and opportunity.

In this precarious political landscape, Uribe’s trial offers Petro a critical lifeline. The public spectacle of prosecuting the conservative kingmaker shifts attention from Petro’s domestic disappointments to the alleged misdeeds of his fiercest opponent.

The trial’s timing is strategic, highlighting not merely the rule of law, but the raw calculus of political survival. Petro’s government knows that undermining Uribe, even symbolically, could fracture the conservative opposition ahead of the crucial 2026 elections.

But the implications extend beyond politics. International investors, diplomats, and business leaders have long viewed Uribe’s political strength as a safeguard against instability.

A conviction, perceived as politically driven, could shake confidence, prompt capital flight, and deepen the divisions between Colombia’s economic elite and the Petro administration.

Conversely, an acquittal or overturned conviction risks bolstering Uribe’s image, rejuvenating conservative power, and intensifying political polarization.

Colombia stands at a crossroads today, watching the trial unfold not merely as a legal proceeding, but as a profound struggle for the country’s political soul.

The verdict will resonate far beyond courtroom walls, shaping Colombia’s trajectory for years to come. Investors, citizens, and global observers alike await a decision that will either strengthen or fracture Colombia’s delicate political balance.

Ironically, for Petro, political survival might depend entirely on the courtroom fate of the very man whose legacy he aims to dismantle.

Read More from The Rio Times

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.