Colombian President Gustavo Petro maintains a stable hold on power amid his constitutionally limited four-year term ending August 7, 2026, with no active impeachment proceedings or resignation announcements in the past 30 days. His Pacto Histórico coalition emerged as the largest force in Congress following March 9 legislative elections, though lacking a majority requires coalition-building for reforms. Petro's approval rating reached its highest since 2024 as of March 26, enhancing leftist momentum ahead of the May 31 presidential election and potential successor transition. A U.S. probe into alleged drug ties, launched March 20, introduces uncertainty but faces low immediate action prospects per trader consensus in related markets. Key watchpoints include congressional negotiations and election outcomes that could influence removal pressures.