
With the US naval blockade in effect since April 13, 2026, Iran could run out of oil storage capacity in two to three weeks, which would force well closures with potentially irreversible long-term damage.

The US and five Latin American countries condemned on April 29 China's detentions of nearly 70 Panama-flagged ships as retaliation for the judicial annulment of CK Hutchison's port contracts.

Brazil faces Trump's 50% tariffs and trade tensions ahead of its October 2026 presidential elections, although the BVSP rises 21.7% in the year to date.

Argentina began receiving in April 2026 a flow of foreign currency that could exceed $30 billion in six months, though inflation and an approval drop to 36% challenge Milei.

Latin American stock markets outperform Wall Street in 2026: Brazil up 21.7%, MSCI Latin America gains 23%, and Colombia, Peru, and Mexico markets also post significant advances.

Chile's S&P IPSA rose 56.2% in 2025, the best global performance according to Bloomberg, driven by the copper and lithium boom, with an additional 8.2% accumulated in 2026.

Venezuelan oil exports rose to 988,000 barrels per day in March 2026, recovering from the US fuel blockade and the arrival of interim president Delcy Rodríguez.

The IMF and World Bank warn in April 2026 that the Iran war is impacting Latin American economies, although Argentina and Paraguay stand out as pockets of dynamism in the region.