Peru, too, found itself navigating choppy political waters. A court must issue a fresh ruling on former President Martín Vizcarra’s legal situation, specifically evaluating whether a flight risk exists. Separately, the Balcázar government reversed course and ratified a decree for the privatisation of state oil company Petroperú, while preparing a government guarantee of up to $2.5 billion — a move likely to intensify debate over the country’s energy sovereignty at a time when global oil markets are anything but stable.
Walter Murrow
April 2, 2026
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