IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL5.08▼ 0.07% USD/MXN17.41▲ 0.11% USD/CLP925.20▼ 0.09% USD/COP3,220▼ 1.23% USD/PEN3.39▲ 0.13% USD/ARS1,475▼ 0.05% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.19% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.34% USD/VES725.63▲ 0.11% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.44% USD/TTD6.76▲ 1.32% EUR/BRL5.82▲ 0.20% BRENT 83.89 ▼ 1.25% WTI 78.96 ▼ 0.80% IRON ORE 161.91 — — COPPER 6.40 ▲ 1.66% GOLD 4,042 ▼ 0.05% SILVER 57.35 ▲ 0.41% SOY 1,205 ▲ 0.21% CORN 471.25 ▲ 5.31% WHEAT 683.75 ▲ 0.92% COFFEE 305.50 ▼ 8.66% SUGAR 14.61 ▼ 1.62% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,067 ▲ 5.75% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,014 ▼ 1.08% ETH 1,884 ▼ 1.72% SOL 76.04 ▼ 1.58% XRP 1.10 ▼ 0.73% BNB 577.06 ▼ 0.52% ADA 0.16 ▼ 1.88% DOGE 0.07 ▼ 1.33% AVAX 6.59 ▼ 1.58% LINK 8.42 ▼ 1.35% DOT 0.84 ▼ 1.11% LTC 44.68 ▼ 0.98% BCH 220.82 ▼ 1.05% TRX 0.32 ▼ 0.35% XLM 0.19 ▼ 0.34% HBAR 0.07 ▼ 1.16% NEAR 2.02 ▼ 2.04% ATOM 1.53 ▼ 1.38% AAVE 94.50 ▼ 1.39% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,871 ▲ 0.60% USD/ZAR16.34▲ 0.07% USD/NGN 1,379 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,089 ▲ 0.04% KOSPI 6,821 ▼ 6.37% JCI 6,097 ▲ 0.91% USD/JPY 162.14 — 0.00% USD/CNY6.77▼ 0.04% DAX 24,903 ▼ 0.39% CAC 8,345 ▼ 0.45% FTSE 10,475 ▼ 0.38% MIB 52,251 ▼ 0.31% IBEX 19,230 ▼ 0.24% STOXX 640.02 ▼ 0.42% EUR/USD1.15▲ 0.03% GBP/USD1.35▲ 0.89% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 15.93 ▲ 1.66% USD/CAD1.40▲ 0.02% US10Y 4.5450 ▼ 0.87% IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▼ 0.07% USD/MXN 17.41 ▲ 0.11% USD/CLP 925.20 ▼ 0.09% USD/COP 3,220 ▼ 1.23% USD/PEN 3.39 ▲ 0.13% USD/ARS 1,475 ▼ 0.05% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.36 ▲ 0.19% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▲ 0.11% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.44% USD/TTD 6.76 ▲ 1.56% EUR/BRL 5.82 ▲ 0.20% BRENT 83.89 ▼ 1.25% WTI 78.96 ▼ 0.80% IRON ORE 161.91 — — COPPER 6.40 ▲ 1.66% GOLD 4,042 ▼ 0.05% SILVER 57.35 ▲ 0.41% SOY 1,205 ▲ 0.21% CORN 471.25 ▲ 5.31% WHEAT 683.75 ▲ 0.92% COFFEE 305.50 ▼ 8.66% SUGAR 14.61 ▼ 1.62% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,067 ▲ 5.75% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,014 ▼ 1.08% ETH 1,884 ▼ 1.72% SOL 76.04 ▼ 1.58% XRP 1.10 ▼ 0.73% BNB 577.06 ▼ 0.52% ADA 0.16 ▼ 1.88% DOGE 0.07 ▼ 1.33% AVAX 6.59 ▼ 1.58% LINK 8.42 ▼ 1.35% DOT 0.84 ▼ 1.11% LTC 44.68 ▼ 0.98% BCH 220.82 ▼ 1.05% TRX 0.32 ▼ 0.35% XLM 0.19 ▼ 0.34% HBAR 0.07 ▼ 1.16% NEAR 2.02 ▼ 2.04% ATOM 1.53 ▼ 1.38% AAVE 94.50 ▼ 1.39% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,871 ▲ 0.60% USD/ZAR 16.34 ▲ 0.30% USD/NGN 1,379 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,089 ▲ 0.04% KOSPI 6,821 ▼ 6.37% JCI 6,097 ▲ 0.91% USD/JPY 162.14 — 0.00% USD/CNY 6.7673 ▲ 0.14% DAX 24,903 ▼ 0.39% CAC 8,345 ▼ 0.45% FTSE 10,475 ▼ 0.38% MIB 52,251 ▼ 0.31% IBEX 19,230 ▼ 0.24% STOXX 640.02 ▼ 0.42% EUR/USD 1.1469 ▲ 0.01% GBP/USD 1.3522 ▼ 0.11% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 15.93 ▲ 1.66% USD/CAD 1.4041 ▲ 0.03% US10Y 4.5450 ▼ 0.87%
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Thursday, July 16, 2026

Analysis Defense Monitor

Brazil Considers Cutting Military Ties with Israel as Regional Defense Alliances Shift

By · June 14, 2025 · 3 min read

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(Analysis) Brazil’s government, under President Luiz Inácio Lula da Silva, is considering steps to end military cooperation with Israel, citing humanitarian concerns over Israeli actions in Gaza.

The Special Advisory Office of the Presidency confirmed this policy review, marking a significant move in Latin America’s defense landscape.

Brazil already canceled a $145 million contract for Israeli armored vehicles and faces increasing domestic calls to suspend all military and commercial ties with Israel.

Officials note, however, that a full diplomatic break would be complex and could impact Brazilians and Palestinians needing consular support.

While Brazil, Chile, and Colombia, all led by left-leaning governments, distance themselves from Israel, other regional players move in the opposite direction.

Argentina, under President Javier Milei, has rapidly deepened ties with Israel.

Milei visited Jerusalem in June 2025, announcing Argentina will move its embassy to Jerusalem in 2026—a symbolic gesture aligning with a handful of countries that recognize the city as Israel’s capital.

Brazil Considers Cutting Military Ties with Israel as Regional Defense Alliances Shift
Brazil Considers Cutting Military Ties with Israel as Regional Defense Alliances Shift
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Argentina and Israel signed new agreements to expand cooperation in cyber defense, drones, border security, and satellite communications.

Milei’s administration also declared Hamas a terrorist organization and launched initiatives to strengthen bilateral relations and combat antisemitism.

Brazil Considers Cutting Military Ties with Israel as Regional Defense Alliances Shift

Ecuador, led by President Daniel Noboa, has cemented a strategic alliance with Israel.

In May 2025, Noboa opened an innovation and research center in Jerusalem and secured Israeli and Emirati intelligence support to address Ecuador’s surging crime and cartel violence.

Ecuador’s National Assembly will launch an Israel Allies Caucus, further strengthening security and diplomatic cooperation.

Ecuador has relied on Israeli defense technology since the 1970s, including aircraft, drones, and cybersecurity systems.

Morocco, a Muslim-majority country, has taken a pragmatic approach to defense cooperation. It has quickly become one of Israel’s top defense partners in North Africa.

Since normalizing relations in 2020, Morocco and Israel have expanded military cooperation, including joint exercises and major arms deals.

Having Severed Ties With Israel, Colombia Considers Swedish Gripen Jets

Morocco is Israel’s Top Defense Partner in North Africa

In 2025, Morocco signed contracts for Israeli armored turrets and 36 ATMOS 2000 artillery systems worth up to €200 million.

Israeli companies now account for 11% of Morocco’s arms imports. Israel also supplied Morocco with a billion-dollar satellite.

Moroccan and Israeli troops trained together during the African Lion 2025 exercise, reflecting growing operational ties despite public protests in Morocco and criticism from the Arab world.

These developments come as Israel’s defense industry reached a record $14.8 billion in exports in 2024, doubling its figures from five years ago.

Over half of these deals exceeded $100 million each, driven by operational demand and the proven performance of Israeli systems in recent conflicts.

Europe remains the largest buyer, but Israel’s defense exports to Latin America and Africa continue to grow, even as some countries reconsider their partnerships for political reasons.

Morocco Chooses Israeli Artillery Over French Systems Amid Growing Defense Ties

The divergence in Latin American defense policy highlights a clear split: leftist governments prioritize ideological values, while conservative and pragmatic administrations seek Israeli expertise for security and technological advancement.

This realignment impacts billions in defense contracts and reshapes strategic alliances across continents.

All information and figures in this article are based on official government statements, public records, and authoritative sources. No speculative or fabricated content has been included.

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