Colombian President Gustavo Petro has cautioned that Latin America could see widespread rebellion if the United States does not fundamentally rethink its approach to the region, comparing Washington's use of financial sanctions lists and coercive diplomacy to colonial-era control. Speaking at a pro-democracy summit in Barcelona alongside the leaders of Spain, Brazil, and Mexico, Petro cited the US Treasury's OFAC designation list — which can restrict individuals' access to banking and travel — as a political weapon used against governments that pursue independent policies. With his presidency set to end on 7 August, Petro also raised concerns about the integrity of Colombia's upcoming elections, saying he would accept legitimate results but not what he described as fraud, while acknowledging that his preferred successor, senator Iván Cepeda, currently leads polls.