IBOV 175,963.54 ▼ 0.38% IPSA 10,960.27 ▼ 0.58% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,288,122 ▲ 1.82% COLCAP 2,293.65 ▼ 0.22% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.09% USD/MXN17.37▼ 0.31% USD/CLP924.06▼ 0.27% USD/COP3,216▼ 0.62% USD/PEN3.38▼ 0.31% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP 58.30 — 0.00% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.12% USD/TTD6.76▲ 1.32% EUR/BRL5.82▼ 0.54% BRENT 85.10 ▲ 0.44% WTI 79.75 ▲ 0.52% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,066 ▲ 0.13% SILVER 58.21 ▼ 0.96% SOY 1,202 ▼ 0.46% CORN 469.25 ▲ 8.18% WHEAT 677.75 ▲ 7.37% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.33 ▼ 0.48% CATTLE 344.95 ▼ 1.10% LITHIUM 71.01 ▼ 0.80% PETR4 40.63 ▼ 0.07% VALE3 74.76 ▲ 1.01% ITUB4 43.18 ▼ 1.03% BBDC4 18.62 ▼ 0.05% ABEV3 15.54 ▼ 1.71% BBAS3 20.63 ▲ 0.19% B3SA3 15.74 ▲ 2.67% WEGE3 44.27 ▲ 0.16% PRIO3 57.82 ▲ 0.43% SUZB3 41.55 ▲ 1.07% RENT3 40.38 ▼ 0.39% AZZA3 18.58 ▼ 1.43% CSAN3 3.94 ▲ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.61 ▲ 6.53% GMAT3 3.97 ▲ 0.25% PSSA3 55.19 ▲ 1.66% CVCB3 1.36 ▼ 1.45% POSI3 3.90 ▼ 2.26% SLCE3 13.47 ▼ 2.46% NATU3 8.66 ▲ 1.29% BRKM5 6.42 ▼ 6.00% RANI3 8.01 — 0.00% CSNA3 5.24 ▲ 0.77% CMIN3 5.18 ▲ 1.57% USIM5 8.20 ▼ 0.36% GGBR4 24.24 ▲ 3.95% ENEV3 27.02 ▼ 0.55% CPFE3 46.98 ▼ 0.47% CMIG4 11.16 ▼ 0.36% EQTL3 40.41 ▼ 1.32% LREN3 14.10 ▼ 1.33% VIVT3 35.37 ▼ 0.42% RAIL3 14.03 ▼ 0.71% KLABIN 17.44 ▲ 0.69% RAIA DROGASIL 18.75 ▲ 0.81% RDOR3 35.86 ▼ 0.53% HAPV3 10.95 ▼ 2.14% FLRY3 16.44 ▲ 0.18% SMTO3 15.50 ▼ 3.85% UGPA3 31.01 ▲ 2.99% VBBR3 33.62 ▲ 0.96% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.87 ▼ 2.14% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.12 ▼ 0.80% ASAI3 8.71 ▲ 0.58% SBSP3 30.01 ▼ 1.09% WALMEX 49.93 ▲ 1.34% GMEXICO 200.60 ▲ 0.52% FEMSA 223.81 ▼ 2.40% CEMEX 22.67 ▲ 2.12% GFNORTE 183.95 ▼ 1.20% BIMBO 57.65 ▲ 2.29% TELEVISA 9.60 ▲ 0.73% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.90 ▲ 2.65% OMA 236.64 ▲ 0.69% KOF 178.84 ▼ 0.58% GRUMA 282.04 ▲ 0.94% KIMBER 38.74 ▲ 0.78% SQM-B 65,850 ▼ 3.02% COPEC 6,246 ▲ 0.58% BSANTANDER 78.00 ▼ 0.81% FALABELLA 5,900 ▲ 0.43% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.52% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.63 ▼ 0.99% LATAM AIR 25.47 ▲ 2.29% YPF 78,300 ▲ 0.68% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 670.50 ▲ 1.28% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,352 ▲ 1.07% MIRGOR 16,850 ▲ 0.60% COME 45.69 ▼ 0.13% LOMA NEGRA 3,630 ▲ 2.76% BYMA 302.00 ▲ 0.33% TELECOM ARG 4,348 ▲ 0.35% ECOPETROL 16.10 ▼ 0.40% BANCOLOMBIA 81.60 ▼ 0.61% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 396.70 ▲ 1.14% SOUTHERN COPPER 180.71 ▼ 0.92% BUENAVENTURA 31.05 ▲ 0.06% MERCADOLIBRE 1,839 ▼ 1.89% NUBANK 13.90 ▼ 0.68% XP 17.00 ▲ 0.77% PAGSEGURO 9.13 ▼ 1.67% STONE 11.15 ▼ 1.37% GLOBANT 31.62 ▲ 2.26% TECNOGLASS 45.67 ▲ 3.24% GAP 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0.53% HAPV3 10.95 ▼ 2.14% FLRY3 16.44 ▲ 0.18% SMTO3 15.50 ▼ 3.85% UGPA3 31.01 ▲ 2.99% VBBR3 33.62 ▲ 0.96% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.87 ▼ 2.14% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.12 ▼ 0.80% ASAI3 8.71 ▲ 0.58% SBSP3 30.01 ▼ 1.09% WALMEX 49.93 ▲ 1.34% GMEXICO 200.60 ▲ 0.52% FEMSA 223.81 ▼ 2.40% CEMEX 22.67 ▲ 2.12% GFNORTE 183.95 ▼ 1.20% BIMBO 57.65 ▲ 2.29% TELEVISA 9.60 ▲ 0.73% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.90 ▲ 2.65% OMA 236.64 ▲ 0.69% KOF 178.84 ▼ 0.58% GRUMA 282.04 ▲ 0.94% KIMBER 38.74 ▲ 0.78% SQM-B 65,850 ▼ 3.02% COPEC 6,246 ▲ 0.58% BSANTANDER 78.00 ▼ 0.81% FALABELLA 5,900 ▲ 0.43% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.52% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.63 ▼ 0.99% LATAM AIR 25.47 ▲ 2.29% YPF 78,300 ▲ 0.68% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 670.50 ▲ 1.28% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,352 ▲ 1.07% MIRGOR 16,850 ▲ 0.60% COME 45.69 ▼ 0.13% LOMA NEGRA 3,630 ▲ 2.76% BYMA 302.00 ▲ 0.33% TELECOM ARG 4,348 ▲ 0.35% ECOPETROL 16.10 ▼ 0.40% BANCOLOMBIA 81.60 ▼ 0.61% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 396.70 ▲ 1.14% SOUTHERN COPPER 180.71 ▼ 0.92% BUENAVENTURA 31.05 ▲ 0.06% MERCADOLIBRE 1,839 ▼ 1.89% NUBANK 13.90 ▼ 0.68% XP 17.00 ▲ 0.77% PAGSEGURO 9.13 ▼ 1.67% STONE 11.15 ▼ 1.37% GLOBANT 31.62 ▲ 2.26% TECNOGLASS 45.67 ▲ 3.24% GAP AIRPORT 229.10 ▲ 1.39% ASUR 282.90 ▲ 2.65% OMA AIRPORT 108.84 ▲ 1.11% AMX ADR 26.22 ▲ 0.15% FEMSA ADR 128.90 ▼ 3.21% CEMEX ADR 13.07 ▲ 2.07% PETROBRAS ADR 17.83 ▼ 0.53% VALE ADR 14.68 ▲ 0.62% ITAU ADR 8.50 ▼ 0.64% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.81 ▲ 4.23% LATAM ADR 55.04 ▲ 2.86% BTC 64,862 ▼ 0.15% ETH 1,925 ▲ 1.85% SOL 77.48 ▼ 0.36% XRP 1.11 ▲ 0.14% BNB 579.69 ▼ 0.36% ADA 0.16 ▼ 0.68% DOGE 0.07 ▼ 0.63% AVAX 6.70 ▲ 0.04% LINK 8.51 ▲ 2.06% DOT 0.85 ▲ 0.15% LTC 45.06 ▼ 0.82% BCH 228.48 ▼ 3.39% TRX 0.32 ▼ 0.35% XLM 0.19 ▲ 1.15% HBAR 0.07 ▲ 0.13% NEAR 2.04 ▲ 1.64% ATOM 1.56 ▼ 0.26% AAVE 96.74 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Wednesday, July 15, 2026

Brazil Condemns Iran Strikes, Drawing Fire From Both Sides

By · March 2, 2026 · 3 min read

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Key Points
Itamaraty condemned the US-Israeli strikes on Iran and called for respect for international law, aligning Brazil with the UN, China, and much of the Global South
Conservative critics accuse Lula of siding with an authoritarian regime; supporters argue Brazil is upholding a decades-long tradition of non-intervention
The debate resurfaces longstanding tensions over whether Brazil’s foreign policy serves national interests or ideological alignment

Hours after US and Israeli forces struck targets across Iran on February 28, killing Supreme Leader Ali Khamenei and dozens of senior military officials, Brazil’s Foreign Ministry issued a formal condemnation. Itamaraty expressed “grave concern” over the military action, called for respect for international law, and urged all parties to exercise maximum restraint.

The statement placed Brazil alongside the United Nations, China, and several countries that condemned the strikes. It also placed Brasília squarely in the crosshairs of a domestic debate about whose interests the country’s foreign policy actually serves.

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The Case Against

Conservative commentators and opposition lawmakers were swift to attack. They argue that Lula’s government has repeatedly positioned Brazil on the wrong side of major geopolitical events, extending diplomatic courtesy to authoritarian regimes while distancing itself from traditional Western allies. The presence of Iranian naval vessels in Brazilian waters — which Washington had asked Brasília to deny port access — remains a sore point.

Critics also note that Lula appeared caught off guard by the strikes, having publicly urged restraint on Trump’s rhetoric toward Iran just days before the attack, even as US military logistics pointed toward imminent action. For the right, the episode reflects a foreign policy apparatus that is ideologically captured and poorly informed.

Brazil Condemns Iran Strikes, Drawing Fire From Both Sides
Brazil Condemns Iran Strikes, Drawing Fire From Both Sides
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The Case For

Defenders of the government’s position counter that Brazil’s statement was consistent with a foreign-policy tradition that predates Lula. The principle of non-intervention and the rejection of unilateral military action have been pillars of Brazilian diplomacy since the mid-20th century, upheld by governments of both the left and the right.

They also point out that Brazil was far from alone. UN Secretary-General António Guterres condemned the escalation. China called the strikes “unacceptable.” France demanded an emergency Security Council session. Even Gulf states targeted by Iran’s retaliation — Qatar, Kuwait, Bahrain — initially called for restraint before the missiles hit their own territory. Condemning a military strike that killed over 100 schoolgirls in Minab, supporters argue, is not ideological alignment — it is basic adherence to international norms.

The Broader Pattern

The Iran debate does not exist in isolation. It follows similar controversies over Brazil’s handling of the Russian invasion of Ukraine and its stance on Venezuela, where critics accuse Lula of favoring autocrats and supporters see continuity with decades of South-South diplomacy. Each crisis restarts the same argument: is Brasília defending sovereignty principles or providing diplomatic cover?

What It Means for Brazil

The practical stakes extend beyond rhetoric. Brazil holds a non-permanent seat on the UN Security Council and is due to host the G20 climate summit later this year. Its positioning on Iran will shape how Washington, Beijing, and European capitals engage with Brasília on issues from trade to climate finance.

For Lula, the calculus is familiar: uphold principles that resonate with the Global South and Brazil’s diplomatic establishment, while absorbing criticism from a domestic right that views every Itamaraty statement through the lens of 2026 election politics. The Iran strikes have made that balancing act considerably harder.

This is part of The Rio Times’ daily coverage of Latin American news and Latin American financial news.

For more context, read Brazil’s Morning Call and the Latin American Pulse.

Deep Dive

For the complete picture, read our in-depth guide: Iran War and Hormuz Crisis 2026: Oil, Latin America and the Global Fallout

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