OPEC+ Ends Strategy Chapter With Cliffhanger, Colombian Ex-President Uribe SentencedEl Salvador Scraps Term Limits
Good morning.
🛢️OPEC+ Ends Strategy Chapter With Cliffhanger
OPEC+ completed a two-year oil strategy chapter by approving a final 547,000 barrel-per-day production increase, reversing massive 2023 supply cuts one year ahead of schedule to reclaim market share. The group left traders uncertain about another 1.66 million barrels daily that remain offline until 2026, with delegates saying “all options remain on the table” including further increases, pausing, or even reversing recent policy. With oil futures down 6.7% this year near $70 and forecasters predicting a slide toward $60, Goldman Sachs expects OPEC+ will likely pause output increases as global markets face a projected 2 million barrel-per-day surplus in Q4. More - Bloomberg
🇨🇴 Colombian Ex-President Uribe Sentenced
Former Colombian President Alvaro Uribe was sentenced to 12 years of house arrest, a $578,000 fine, and an eight-year public office ban following his conviction for witness tampering and bribery. The 73-year-old becomes the first former Colombian president found guilty in a criminal trial, stemming from his attempts to pressure paramilitary witnesses to change testimony in a case involving his alleged ties to right-wing paramilitaries. US Secretary of State Marco Rubio defended Uribe as a victim of “weaponization” by “radical judges,” while Democrats accused Trump of supporting impunity for strongmen, as the conviction comes less than a year before Colombia’s 2026 presidential elections. More - Al Jazeera
🇸🇻 El Salvador Scraps Term Limits
El Salvador’s congress abolished presidential term limits in a swift constitutional reform, allowing President Nayib Bukele to seek unlimited re-election while extending terms from five to six years. The reform passed with 57 votes from Bukele’s New Ideas party against only three opposition members, with the next election moved up to 2027 to synchronize all electoral cycles. Opposition MP Marcela Villatoro declared “democracy has died in El Salvador,” while human rights groups criticized the lack of public debate and warned of indefinite power consolidation by the popular but controversial leader whose anti-gang crackdown has led to 75,000 arrests under extended emergency measures. More - BBC
Global Stability Ratings
🇦🇫 Afghanistan is Critically Unstable
🇦🇱 Albania is Stable
🇩🇿 Algeria is Weak
🇦🇩 Andorra is Stable
🇦🇴 Angola is Weak
🇦🇬 Antigua and Barbuda is Stable
🇦🇷 Argentina is Weak
🇦🇲 Armenia is Weak
🇦🇺 Australia is Stable
🇦🇹 Austria is Stable
🇦🇿 Azerbaijan is Stable
🇧🇭 Bahrain is Weak
🇧🇩 Bangladesh is Weak
🇧🇧 Barbados is Stable
🇧🇾 Belarus is Unstable
🇧🇪 Belgium is Stable
🇧🇿 Belize is Weak
🇧🇯 Benin is Weak
🇧🇹 Bhutan is Weak
🇧🇴 Bolivia is Weak
🇧🇦 Bosnia and Herzegovina is Weak
🇧🇼 Botswana is Stable
🇧🇷 Brazil is Weak
🇧🇳 Brunei is Stable
🇧🇬 Bulgaria is Weak
🇧🇫 Burkina Faso is Unstable
🇧🇮 Burundi is Weak
🇰🇭 Cambodia is Weak
🇨🇲 Cameroon is Weak
🇨🇦 Canada is Weak
🇨🇻 Cape Verde is Stable
🇨🇫 Central African Republic is Unstable
🇹🇩 Chad is Unstable
🇨🇱 Chile is Weak
🇨🇳 China is Stable
🇨🇴 Colombia is Weak
🇰🇲 Comoros is Weak
🇨🇷 Costa Rica is Weak
🇭🇷 Croatia is Stable
🇨🇺 Cuba is Weak
🇨🇾 Cyprus is Stable
🇨🇿 Czech Republic is Stable
🇨🇩 Democratic Republic Of The Congo is Unstable
🇩🇰 Denmark is Stable
🇩🇯 Djibouti is Weak
🇩🇲 Dominica is Stable
🇩🇴 Dominican Republic is Weak
🇹🇱 East Timor is Stable
🇪🇨 Ecuador is Weak
🇪🇬 Egypt is Weak
🇸🇻 El Salvador is Weak
🇬🇶 Equatorial Guinea is Unstable
🇪🇷 Eritrea is Unstable
🇪🇪 Estonia is Stable
🇸🇿 Eswatini is Weak
🇪🇹 Ethiopia is Unstable
🇫🇲 Federated States of Micronesia is Stable
🇫🇯 Fiji is Weak
🇫🇮 Finland is Stable
🇫🇷 France is Weak
🇬🇦 Gabon is Un
Carpe tomorrow!