The razor-thin margin in Peru’s June 7 runoff between Keiko Fujimori and Roberto Sánchez has kept the National Jury of Elections (JNE) focused on completing the count of remaining rural and overseas ballots while resolving challenges to tally sheets. With the race fluctuating by only a few thousand votes as official tallies approached 98 percent, both campaigns and observers anticipate extended scrutiny before proclamation. Peruvian electoral rules require the JNE to adjudicate contested acts and issue a formal certification only after all appeals are exhausted, a process officials have indicated will extend into July. Historical precedent from prior close contests shows certification routinely taking four to six weeks after voting, aligning trader consensus around late-July resolution dates rather than mid-month targets. No major new challenges or procedural shifts have emerged in the past week to alter that timeline.