IBOV 170,370 ▲ 1.06% IPSA 10,901 ▲ 0.11% IPC MEX 67,125 ▼ 0.86% MERVAL 3,277,512 ▼ 0.42% COLCAP 2,393.30 ▼ 4.38% BVL PERÚ 57,221.97 ▼ 0.15% USD/BRL5.14▼ 0.16% USD/MXN17.38▲ 0.24% USD/CLP906.24▲ 0.29% USD/COP3,421▼ 0.64% USD/PEN3.38▲ 0.03% USD/ARS1,461▼ 0.17% USD/UYU40.10▲ 0.32% USD/PYG6,064▼ 0.10% USD/BOB6.85▼ 0.15% USD/DOP58.18▼ 0.09% USD/CRC 450.55 — 0.00% USD/GTQ7.62▲ 0.05% USD/HNL26.68▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES616.09▲ 5.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.49▼ 0.38% USD/TTD6.75▲ 0.70% EUR/BRL5.88▼ 0.31% BRENT 78.12 ▼ 2.17% WTI 74.21 ▼ 3.12% IRON ORE 161.91 — — COPPER 6.32 ▼ 0.78% GOLD 4,172 ▼ 1.24% SILVER 63.69 ▼ 3.88% SOY 1,147 ▲ 2.16% CORN 412.75 ▼ 1.14% WHEAT 610.50 ▲ 0.78% COFFEE 266.45 ▼ 3.14% SUGAR 13.86 ▲ 1.99% ORANGE JUICE 153.65 ▼ 3.06% COTTON 79.61 ▲ 4.68% COCOA 4,588 ▲ 10.74% BEEF 247.68 ▼ 2.80% CATTLE 371.08 ▲ 1.22% LITHIUM 82.57 ▲ 0.51% PETR4 39.17 ▲ 0.95% VALE3 80.91 ▲ 0.20% ITUB4 40.94 ▲ 2.68% BBDC4 17.68 ▲ 1.20% ABEV3 16.17 ▲ 3.65% BBAS3 19.58 ▲ 0.82% B3SA3 14.70 ▲ 2.01% WEGE3 45.25 ▲ 0.43% PRIO3 56.68 ▼ 0.91% SUZB3 42.04 ▼ 2.75% RENT3 40.82 ▲ 1.74% CSAN3 3.65 ▲ 4.58% RAIZ4 0.42 — 0.00% PCAR3 2.04 ▲ 0.49% GMAT3 3.79 ▼ 2.82% PSSA3 53.24 ▲ 2.41% CVCB3 1.26 ▲ 3.28% POSI3 3.90 ▼ 2.50% SLCE3 13.42 ▼ 1.32% NATU3 7.67 ▲ 2.27% BRKM5 7.43 ▼ 0.93% RANI3 7.68 ▼ 2.78% CSNA3 5.34 ▲ 1.52% CMIN3 4.30 ▼ 0.46% USIM5 9.11 ▼ 0.65% GGBR4 21.90 ▲ 1.11% ENEV3 24.63 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 1.12% CMIG4 10.94 ▲ 2.43% EQTL3 37.65 ▲ 1.62% LREN3 14.39 ▲ 0.70% VIVT3 33.54 ▲ 3.33% RAIL3 12.47 ▲ 0.16% KLABIN 16.93 ▼ 1.17% RAIA DROGASIL 16.79 ▲ 3.32% RDOR3 33.83 ▲ 0.68% HAPV3 10.61 ▲ 2.91% FLRY3 14.97 ▲ 0.27% SMTO3 14.60 ▼ 2.21% UGPA3 25.22 ▲ 0.48% VBBR3 29.40 ▲ 3.76% BBSE3 38.63 ▼ 0.69% BPAC11 52.21 ▲ 3.10% CURY3 33.87 ▲ 1.80% AERI3 2.16 ▼ 3.57% VIVARA 20.91 ▲ 0.29% COMPASS 24.47 ▲ 0.78% VAMOS 2.75 ▲ 2.61% SANB11 26.95 ▲ 0.26% ASAI3 7.70 ▲ 0.65% SBSP3 27.91 ▲ 3.52% WALMEX 50.46 ▼ 1.79% GMEXICO 210.36 ▲ 1.20% FEMSA 217.20 ▲ 0.48% CEMEX 21.80 ▲ 1.25% GFNORTE 188.04 ▼ 0.64% BIMBO 56.20 ▼ 4.32% TELEVISA 9.45 ▼ 7.44% AMX 22.65 ▼ 3.49% GAP 430.60 ▼ 1.13% ASUR 300.60 ▼ 2.47% OMA 237.38 ▲ 0.07% KOF 184.98 ▲ 2.05% GRUMA 284.04 ▼ 1.13% KIMBER 37.51 ▼ 1.70% SQM-B 71,155 ▼ 2.79% COPEC 5,980 ▲ 2.05% BSANTANDER 74.93 ▲ 1.26% FALABELLA 5,899 ▼ 2.74% ENELAM 83.40 ▲ 1.08% CENCOSUD 2,160 ▲ 2.08% CMPC 1,048 ▲ 0.67% BANCO CHILE 182.00 ▲ 1.11% LATAM AIR 25.37 ▲ 0.48% YPF 75,500 ▼ 1.21% GGAL 8,165 ▼ 1.15% PAMPA 5,170 ▼ 0.39% TXAR 663.00 ▼ 1.71% ALUAR 1,006 ▲ 0.60% TGS 9,700 ▼ 0.31% CEPU 2,378 ▼ 0.63% MIRGOR 16,400 ▼ 2.67% COME 44.60 ▼ 1.89% LOMA NEGRA 3,635 ▲ 2.32% BYMA 317.50 ▼ 0.08% TELECOM ARG 4,058 ▼ 2.58% ECOPETROL 16.25 ▼ 1.99% BANCOLOMBIA 81.28 ▼ 0.21% GRUPO AVAL 5.34 ▼ 7.13% CREDICORP 380.57 ▼ 0.57% SOUTHERN COPPER 189.91 ▼ 1.57% BUENAVENTURA 32.41 ▼ 0.52% MERCADOLIBRE 1,589 ▼ 2.79% NUBANK 12.79 ▲ 0.63% XP 15.99 ▲ 4.51% PAGSEGURO 8.81 ▼ 0.11% STONE 10.74 ▲ 1.42% GLOBANT 29.97 ▼ 2.50% TECNOGLASS 46.17 ▲ 0.44% GAP AIRPORT 248.92 ▼ 2.12% ASUR 300.60 ▼ 2.47% OMA AIRPORT 109.67 ▼ 3.80% AMX ADR 26.08 ▼ 1.44% FEMSA ADR 125.08 ▼ 1.10% CEMEX ADR 12.58 ▼ 1.18% PETROBRAS ADR 17.01 ▲ 1.55% VALE ADR 15.71 ▲ 1.88% ITAU ADR 7.93 ▲ 1.80% SANTANDER BR 5.33 ▲ 2.40% AMBEV ADR 3.14 ▲ 0.64% CSN 1.06 ▲ 2.43% GERDAU 4.25 ▲ 1.92% LATAM ADR 55.73 ▼ 0.21% BTC 64,162 ▲ 1.46% ETH 1,732 ▲ 1.62% SOL 71.89 ▼ 0.73% XRP 1.13 ▲ 0.38% BNB 591.96 ▲ 1.41% ADA 0.16 ▲ 1.64% DOGE 0.08 — 0.00% AVAX 6.30 ▲ 3.18% LINK 7.90 ▲ 1.56% DOT 0.94 ▼ 0.54% LTC 44.56 ▲ 0.27% BCH 195.45 ▲ 0.33% TRX 0.33 ▲ 1.86% XLM 0.20 ▼ 5.42% HBAR 0.08 ▲ 0.94% NEAR 2.04 ▼ 3.04% ATOM 1.79 ▲ 2.16% AAVE 75.92 ▲ 2.68% SELIC 14.25% AZZA3 19.40 ▲ 10.48% EMBRAER 78.34 ▼ 1.09% EMBRAER ADR 60.96 ▲ 0.43% JBS 11.92 ▼ 0.08% JBS BDR 61.90 ▲ 4.00% MBRF3 15.29 ▲ 0.07% MBRFY 2.93 ▼ 1.01% INTER 5.39 ▼ 0.92% EGX 52,586 ▼ 0.18% USD/ZAR16.41▼ 0.36% USD/NGN 1,366 — 0.00% NIKKEI 71,614 ▼ 1.02% CSI300 5,007 ▼ 1.05% HSI 23,643 ▼ 0.53% NIFTY 24,103 ▲ 0.37% KOSPI 8,702 ▼ 4.52% JCI 6,093 ▼ 0.39% USD/JPY161.56▲ 0.20% USD/CNY6.78▲ 0.10% DAX 25,140 ▲ 0.62% CAC 8,400 ▼ 0.25% FTSE 10,438 ▲ 0.72% MIB 52,797 ▼ 0.10% IBEX 19,542 ▲ 1.01% STOXX 639.27 ▲ 0.58% EUR/USD1.14▼ 0.25% GBP/USD1.32▲ 0.33% SPX 7,473 ▼ 0.37% DJI 51,713 ▲ 0.29% NDX 30,347 ▼ 0.19% RUT 3,004 ▲ 0.83% TSX 35,002 ▲ 0.42% VIX 17.28 ▲ 2.98% USD/CAD1.42— 0.00% US10Y 4.5090 ▲ 1.30% IBOV 170,370 ▲ 1.06% IPSA 10,901 ▲ 0.11% IPC MEX 67,125 ▼ 0.86% MERVAL 3,277,512 ▼ 0.42% COLCAP 2,393.30 ▼ 4.38% BVL PERÚ 57,221.97 ▼ 0.15% USD/BRL 5.14 ▼ 0.16% USD/MXN 17.38 ▲ 0.24% USD/CLP 906.24 ▲ 0.29% USD/COP 3,421 ▼ 0.64% USD/PEN 3.38 ▲ 0.03% USD/ARS 1,461 ▼ 0.17% USD/UYU 40.10 ▲ 0.32% USD/PYG 6,064 ▼ 0.10% USD/BOB 6.85 ▼ 0.15% USD/DOP 58.18 ▼ 0.09% USD/CRC 450.55 — 0.00% USD/GTQ 7.62 ▲ 0.05% USD/HNL 26.68 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 616.09 ▲ 5.02% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.49 ▲ 0.03% USD/TTD 6.75 ▲ 1.46% EUR/BRL 5.88 ▼ 0.31% BRENT 78.12 ▼ 2.17% WTI 74.21 ▼ 3.12% IRON ORE 161.91 — — COPPER 6.32 ▼ 0.78% GOLD 4,172 ▼ 1.24% SILVER 63.69 ▼ 3.88% SOY 1,147 ▲ 2.16% CORN 412.75 ▼ 1.14% WHEAT 610.50 ▲ 0.78% COFFEE 266.45 ▼ 3.14% SUGAR 13.86 ▲ 1.99% ORANGE JUICE 153.65 ▼ 3.06% COTTON 79.61 ▲ 4.68% COCOA 4,588 ▲ 10.74% BEEF 247.68 ▼ 2.80% CATTLE 371.08 ▲ 1.22% LITHIUM 82.57 ▲ 0.51% PETR4 39.17 ▲ 0.95% VALE3 80.91 ▲ 0.20% ITUB4 40.94 ▲ 2.68% BBDC4 17.68 ▲ 1.20% ABEV3 16.17 ▲ 3.65% BBAS3 19.58 ▲ 0.82% B3SA3 14.70 ▲ 2.01% WEGE3 45.25 ▲ 0.43% PRIO3 56.68 ▼ 0.91% SUZB3 42.04 ▼ 2.75% RENT3 40.82 ▲ 1.74% CSAN3 3.65 ▲ 4.58% RAIZ4 0.42 — 0.00% PCAR3 2.04 ▲ 0.49% GMAT3 3.79 ▼ 2.82% PSSA3 53.24 ▲ 2.41% CVCB3 1.26 ▲ 3.28% POSI3 3.90 ▼ 2.50% SLCE3 13.42 ▼ 1.32% NATU3 7.67 ▲ 2.27% BRKM5 7.43 ▼ 0.93% RANI3 7.68 ▼ 2.78% CSNA3 5.34 ▲ 1.52% CMIN3 4.30 ▼ 0.46% USIM5 9.11 ▼ 0.65% GGBR4 21.90 ▲ 1.11% ENEV3 24.63 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 1.12% CMIG4 10.94 ▲ 2.43% EQTL3 37.65 ▲ 1.62% LREN3 14.39 ▲ 0.70% VIVT3 33.54 ▲ 3.33% RAIL3 12.47 ▲ 0.16% KLABIN 16.93 ▼ 1.17% RAIA DROGASIL 16.79 ▲ 3.32% RDOR3 33.83 ▲ 0.68% HAPV3 10.61 ▲ 2.91% FLRY3 14.97 ▲ 0.27% SMTO3 14.60 ▼ 2.21% UGPA3 25.22 ▲ 0.48% VBBR3 29.40 ▲ 3.76% BBSE3 38.63 ▼ 0.69% BPAC11 52.21 ▲ 3.10% CURY3 33.87 ▲ 1.80% AERI3 2.16 ▼ 3.57% VIVARA 20.91 ▲ 0.29% COMPASS 24.47 ▲ 0.78% VAMOS 2.75 ▲ 2.61% SANB11 26.95 ▲ 0.26% ASAI3 7.70 ▲ 0.65% SBSP3 27.91 ▲ 3.52% WALMEX 50.46 ▼ 1.79% GMEXICO 210.36 ▲ 1.20% FEMSA 217.20 ▲ 0.48% CEMEX 21.80 ▲ 1.25% GFNORTE 188.04 ▼ 0.64% BIMBO 56.20 ▼ 4.32% TELEVISA 9.45 ▼ 7.44% AMX 22.65 ▼ 3.49% GAP 430.60 ▼ 1.13% ASUR 300.60 ▼ 2.47% OMA 237.38 ▲ 0.07% KOF 184.98 ▲ 2.05% GRUMA 284.04 ▼ 1.13% KIMBER 37.51 ▼ 1.70% SQM-B 71,155 ▼ 2.79% COPEC 5,980 ▲ 2.05% BSANTANDER 74.93 ▲ 1.26% FALABELLA 5,899 ▼ 2.74% ENELAM 83.40 ▲ 1.08% CENCOSUD 2,160 ▲ 2.08% CMPC 1,048 ▲ 0.67% BANCO CHILE 182.00 ▲ 1.11% LATAM AIR 25.37 ▲ 0.48% YPF 75,500 ▼ 1.21% GGAL 8,165 ▼ 1.15% PAMPA 5,170 ▼ 0.39% TXAR 663.00 ▼ 1.71% ALUAR 1,006 ▲ 0.60% TGS 9,700 ▼ 0.31% CEPU 2,378 ▼ 0.63% MIRGOR 16,400 ▼ 2.67% COME 44.60 ▼ 1.89% LOMA NEGRA 3,635 ▲ 2.32% BYMA 317.50 ▼ 0.08% TELECOM ARG 4,058 ▼ 2.58% ECOPETROL 16.25 ▼ 1.99% BANCOLOMBIA 81.28 ▼ 0.21% GRUPO AVAL 5.34 ▼ 7.13% CREDICORP 380.57 ▼ 0.57% SOUTHERN COPPER 189.91 ▼ 1.57% BUENAVENTURA 32.41 ▼ 0.52% MERCADOLIBRE 1,589 ▼ 2.79% NUBANK 12.79 ▲ 0.63% XP 15.99 ▲ 4.51% PAGSEGURO 8.81 ▼ 0.11% STONE 10.74 ▲ 1.42% GLOBANT 29.97 ▼ 2.50% TECNOGLASS 46.17 ▲ 0.44% GAP AIRPORT 248.92 ▼ 2.12% ASUR 300.60 ▼ 2.47% OMA AIRPORT 109.67 ▼ 3.80% AMX ADR 26.08 ▼ 1.44% FEMSA ADR 125.08 ▼ 1.10% CEMEX ADR 12.58 ▼ 1.18% PETROBRAS ADR 17.01 ▲ 1.55% VALE ADR 15.71 ▲ 1.88% ITAU ADR 7.93 ▲ 1.80% SANTANDER BR 5.33 ▲ 2.40% AMBEV ADR 3.14 ▲ 0.64% CSN 1.06 ▲ 2.43% GERDAU 4.25 ▲ 1.92% LATAM ADR 55.73 ▼ 0.21% BTC 64,162 ▲ 1.46% ETH 1,732 ▲ 1.62% SOL 71.89 ▼ 0.73% XRP 1.13 ▲ 0.38% BNB 591.96 ▲ 1.41% ADA 0.16 ▲ 1.64% DOGE 0.08 — 0.00% AVAX 6.30 ▲ 3.18% LINK 7.90 ▲ 1.56% DOT 0.94 ▼ 0.54% LTC 44.56 ▲ 0.27% BCH 195.45 ▲ 0.33% TRX 0.33 ▲ 1.86% XLM 0.20 ▼ 5.42% HBAR 0.08 ▲ 0.94% NEAR 2.04 ▼ 3.04% ATOM 1.79 ▲ 2.16% AAVE 75.92 ▲ 2.68% SELIC 14.25% AZZA3 19.40 ▲ 10.48% EMBRAER 78.34 ▼ 1.09% EMBRAER ADR 60.96 ▲ 0.43% JBS 11.92 ▼ 0.08% JBS BDR 61.90 ▲ 4.00% MBRF3 15.29 ▲ 0.07% MBRFY 2.93 ▼ 1.01% INTER 5.39 ▼ 0.92% EGX 52,586 ▼ 0.18% USD/ZAR 16.40 ▲ 0.16% USD/NGN 1,366 — 0.00% NIKKEI 71,614 ▼ 1.02% CSI300 5,007 ▼ 1.05% HSI 23,643 ▼ 0.53% NIFTY 24,103 ▲ 0.37% KOSPI 8,702 ▼ 4.52% JCI 6,093 ▼ 0.39% USD/JPY 161.55 ▲ 0.02% USD/CNY 6.7753 ▲ 0.12% DAX 25,140 ▲ 0.62% CAC 8,400 ▼ 0.25% FTSE 10,438 ▲ 0.72% MIB 52,797 ▼ 0.10% IBEX 19,542 ▲ 1.01% STOXX 639.27 ▲ 0.58% EUR/USD 1.1434 ▲ 0.03% GBP/USD 1.3248 ▼ 0.05% SPX 7,473 ▼ 0.37% DJI 51,713 ▲ 0.29% NDX 30,347 ▼ 0.19% RUT 3,004 ▲ 0.83% TSX 35,002 ▲ 0.42% VIX 17.28 ▲ 2.98% USD/CAD 1.4160 ▲ 0.01% US10Y 4.5090 ▲ 1.30%
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Tuesday, June 23, 2026

The Guyanas Latin America

Venezuela’s Essequibo Governor Vote Risks South American Stability

By · May 25, 2025 · 3 min read

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In the border town of Tumeremo, Venezuela, billboards proclaim Essequibo—a 160,000 km² region constituting 70% of neighboring Guyana’s territory—as “ours.”

On May 25, 2025, President Nicolás Maduro’s government will hold elections to select a governor and eight deputies for this contested area, a move Guyana and the International Court of Justice (ICJ) deem a violation of international law.

The vote, confined to 21,400 Venezuelan voters in Bolívar state, holds no legal authority over Essequibo’s 125,000 Guyanese residents but signals Maduro’s intent to assert control over a region rich in oil, timber, and minerals.

A Dispute Rooted in History

The Essequibo conflict traces back to 19th-century colonial borders, formalized by the 1899 Paris Arbitral Award, which Venezuela disputes as biased.

Guyana, backed by the ICJ since 2018, seeks to uphold the boundary. Tensions escalated after ExxonMobil’s 2015 discovery of 11 billion barrels of offshore oil, propelling Guyana’s GDP growth to over 60% annually and daily production to 645,000 barrels.

Venezuela, grappling with hyperinflation and sanctions that have slashed its oil output to a 50-year low, eyes Essequibo’s resources as a lifeline.

Maduro’s 2023 referendum, claiming 95.93% support for annexation, was criticized for low turnout and coercion, yet it fueled his campaign to “reclaim” the territory. Venezuela’s Essequibo governor vote risks South American stability.

Venezuela’s Essequibo Governor Vote Risks South American Stability
Venezuela’s Essequibo Governor Vote Risks South American Stability.
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Defying International Law

The ICJ has twice—in December 2023 and May 2025—ordered Venezuela to refrain from altering Essequibo’s status, rulings Maduro dismissed.

Venezuela’s National Assembly passed laws declaring Essequibo a state and authorized PDVSA, its state oil firm, to operate there, defying court orders.

Guyana reported three attacks on its soldiers in May 2025, attributing them to Venezuelan-backed militias.

In Essequibo’s capital, Anna Regina, residents like fisherman Samuel Carter express unease: “We just want peace to work our land and seas.”

Regional and Global Ripples

Maduro’s strategy, analysts say, distracts from domestic woes, including a leaked 2024 poll showing 68% of Venezuelan soldiers disapprove of his leadership.

Guyana’s President Irfaan Ali condemned the election as a “propaganda stunt,” warning participants of treason charges.

Brazil, balancing diplomacy with increased border patrols, urged dialogue, while the U.S. and UK held military exercises with Guyana.

Russia and Iran support Venezuela’s claims, raising fears of a proxy conflict. CARICOM and the UN have called for restraint, but Maduro’s vow to ignore the ICJ’s expected 2026 border ruling heightens risks in a region holding 18% of global oil reserves.

ICJ Orders Venezuela to Halt Essequibo Elections as Court Authority Crumbles

What Lies Ahead?

Venezuela’s military buildup near the border and rhetoric of “historical rights” suggest further provocations, from symbolic gestures to potential disruptions of Guyana’s oil operations.

Yet, Venezuela’s crumbling military and international isolation may constrain Maduro’s ambitions.

Guyana, backed by global allies, remains resolute, with its Parliament reaffirming sovereignty on May 24, 2025.

As Essequibo’s fate hangs in the balance, the international community faces a critical question: can diplomacy avert a resource-driven crisis in South America?

 

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