IBOV 170,331 ▼ 2.22% IPSA 10,360 ▼ 1.04% IPC MEX 68,286 ▼ 0.88% MERVAL 3,164,196 ▼ 1.86% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▼ 0.03% USD/MXN 17.28 ▼ 0.36% USD/CLP 889.33 ▼ 0.71% USD/COP 3,565 ▼ 0.61% USD/PEN 3.40 ▼ 0.11% USD/ARS 1,439 ▼ 0.03% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.21 ▲ 0.88% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 558.97 ▼ 0.13% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 157.19 ▲ 0.93% USD/TTD 6.66 ▲ 0.15% EUR/BRL 5.89 ▲ 1.01% BRENT 94.63 ▼ 3.25% WTI 92.80 ▼ 3.35% IRON ORE 161.91 — — COPPER 6.53 ▲ 0.76% GOLD 4,533 ▲ 2.16% SILVER 74.65 ▲ 1.59% SOY 1,148 ▼ 0.56% CORN 428.25 ▼ 0.75% WHEAT 587.50 ▲ 0.04% COFFEE 249.45 ▼ 1.44% SUGAR 14.35 ▲ 0.77% ORANGE JUICE 167.05 ▲ 4.41% COTTON 76.32 ▼ 0.53% COCOA 3,981 ▼ 2.23% BEEF 237.85 ▼ 3.97% CATTLE 342.58 ▼ 1.68% LITHIUM 84.86 ▼ 1.78% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 52.05 ▲ 0.19% GMEXICO 213.71 ▼ 3.18% FEMSA 211.97 ▲ 2.01% CEMEX 22.45 ▼ 1.32% GFNORTE 181.22 ▼ 0.57% BIMBO 58.29 ▲ 0.19% TELEVISA 9.08 ▼ 1.52% AMX 22.14 ▼ 0.49% GAP 418.01 ▲ 0.62% ASUR 296.77 ▼ 2.07% OMA 220.05 ▼ 1.57% KOF 186.51 ▼ 0.73% GRUMA 294.39 ▲ 0.36% KIMBER 38.10 ▼ 0.81% SQM-B 71,000 ▼ 1.29% COPEC 6,100 ▼ 1.36% BSANTANDER 68.10 ▼ 1.32% FALABELLA 5,450 ▼ 2.07% ENELAM 76.77 ▼ 1.18% CENCOSUD 2,168 ▲ 0.37% CMPC 1,028 ▼ 0.39% BANCO CHILE 163.99 ▼ 1.68% LATAM AIR 22.29 ▼ 1.37% YPF 83,050 ▼ 0.27% GGAL 7,350 ▼ 3.10% PAMPA 5,115 ▼ 1.35% TXAR 676.50 ▼ 2.10% ALUAR 1,015 ▲ 1.50% TGS 9,205 ▼ 2.80% CEPU 2,309 ▼ 2.49% MIRGOR 16,925 ▼ 0.88% COME 47.91 ▼ 3.17% LOMA NEGRA 3,430 ▼ 2.14% BYMA 292.50 ▼ 0.17% TELECOM ARG 4,053 ▼ 2.88% ECOPETROL 15.58 ▼ 2.50% BANCOLOMBIA 72.25 ▼ 2.03% GRUPO AVAL 4.98 ▲ 0.81% CREDICORP 327.42 ▼ 4.80% SOUTHERN COPPER 196.59 ▼ 2.37% BUENAVENTURA 33.86 ▼ 2.67% MERCADOLIBRE 1,639 ▼ 2.05% NUBANK 11.64 ▼ 2.43% XP 15.60 ▼ 3.70% PAGSEGURO 8.77 ▼ 4.88% STONE 10.64 ▼ 5.34% GLOBANT 39.67 ▼ 6.17% TECNOGLASS 42.31 ▼ 3.29% GAP AIRPORT 240.72 ▲ 0.28% ASUR 296.77 ▼ 2.07% OMA AIRPORT 101.18 ▼ 2.25% AMX ADR 25.54 ▼ 0.66% FEMSA ADR 121.81 ▲ 1.39% CEMEX ADR 12.90 ▼ 1.23% PETROBRAS ADR 18.19 ▼ 2.83% VALE ADR 16.06 ▼ 4.52% ITAU ADR 7.59 ▼ 3.44% SANTANDER BR 5.30 ▼ 3.28% AMBEV ADR 3.14 ▼ 3.38% CSN 1.31 ▼ 7.75% GERDAU 4.75 ▼ 2.86% LATAM ADR 49.71 ▼ 2.55% BTC 62,618 ▼ 2.18% ETH 1,755 ▼ 3.15% SOL 68.95 ▼ 3.72% XRP 1.16 ▼ 3.47% BNB 595.90 ▼ 3.90% ADA 0.19 ▼ 5.16% DOGE 0.09 ▼ 3.59% AVAX 7.67 ▼ 4.72% LINK 7.97 ▼ 4.38% DOT 1.03 ▼ 6.48% LTC 45.77 ▼ 2.91% BCH 245.82 ▲ 1.26% TRX 0.33 ▼ 1.41% XLM 0.21 ▼ 1.29% HBAR 0.08 ▼ 2.02% NEAR 2.45 ▼ 13.04% ATOM 1.77 ▼ 4.50% AAVE 70.66 ▼ 5.05% SELIC 14.50% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 55.19 ▼ 3.63% JBS 11.88 ▼ 2.62% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.06 ▼ 5.56% INTER 5.80 ▼ 3.33% EGX 52,653 ▲ 0.17% USD/ZAR 16.22 ▼ 0.64% USD/NGN 1,358 ▲ 0.06% NIKKEI 67,471 ▼ 1.36% CSI300 4,905 ▼ 0.69% HSI 25,253 ▼ 1.48% NIFTY 23,417 ▲ 0.05% KOSPI 8,639 ▼ 1.84% JCI 5,840 ▼ 1.70% USD/JPY 159.77 ▼ 0.14% USD/CNY 6.7730 ▲ 0.06% DAX 24,903 ▲ 0.43% CAC 8,227 ▲ 0.94% FTSE 10,287 ▼ 0.43% MIB 49,886 ▼ 0.30% IBEX 18,275 ▲ 0.55% STOXX 621.64 ▲ 0.07% EUR/USD 1.1648 ▲ 0.40% GBP/USD 1.3463 ▲ 0.31% SPX 7,554 ▼ 0.74% DJI 50,687 ▼ 1.21% NDX 30,571 ▼ 0.29% RUT 2,894 ▼ 1.31% TSX 34,802 ▼ 1.05% VIX 16.68 ▲ 3.86% USD/CAD 1.3895 ▲ 0.01% US10Y 4.4910 ▲ 0.81% IBOV 170,331 ▼ 2.22% IPSA 10,360 ▼ 1.04% IPC MEX 68,286 ▼ 0.88% MERVAL 3,164,196 ▼ 1.86% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▼ 0.03% USD/MXN 17.28 ▼ 0.36% USD/CLP 889.33 ▼ 0.71% USD/COP 3,565 ▼ 0.61% USD/PEN 3.40 ▼ 0.11% USD/ARS 1,439 ▼ 0.03% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.21 ▲ 0.88% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 558.97 ▼ 0.13% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 157.19 ▲ 0.93% USD/TTD 6.66 ▲ 0.15% EUR/BRL 5.89 ▲ 1.01% BRENT 94.63 ▼ 3.25% WTI 92.80 ▼ 3.35% IRON ORE 161.91 — — COPPER 6.53 ▲ 0.76% GOLD 4,533 ▲ 2.16% SILVER 74.65 ▲ 1.59% SOY 1,148 ▼ 0.56% CORN 428.25 ▼ 0.75% WHEAT 587.50 ▲ 0.04% COFFEE 249.45 ▼ 1.44% SUGAR 14.35 ▲ 0.77% ORANGE JUICE 167.05 ▲ 4.41% COTTON 76.32 ▼ 0.53% COCOA 3,981 ▼ 2.23% BEEF 237.85 ▼ 3.97% CATTLE 342.58 ▼ 1.68% LITHIUM 84.86 ▼ 1.78% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 52.05 ▲ 0.19% GMEXICO 213.71 ▼ 3.18% FEMSA 211.97 ▲ 2.01% CEMEX 22.45 ▼ 1.32% GFNORTE 181.22 ▼ 0.57% BIMBO 58.29 ▲ 0.19% TELEVISA 9.08 ▼ 1.52% AMX 22.14 ▼ 0.49% GAP 418.01 ▲ 0.62% ASUR 296.77 ▼ 2.07% OMA 220.05 ▼ 1.57% KOF 186.51 ▼ 0.73% GRUMA 294.39 ▲ 0.36% KIMBER 38.10 ▼ 0.81% SQM-B 71,000 ▼ 1.29% COPEC 6,100 ▼ 1.36% BSANTANDER 68.10 ▼ 1.32% FALABELLA 5,450 ▼ 2.07% ENELAM 76.77 ▼ 1.18% CENCOSUD 2,168 ▲ 0.37% CMPC 1,028 ▼ 0.39% BANCO CHILE 163.99 ▼ 1.68% LATAM AIR 22.29 ▼ 1.37% YPF 83,050 ▼ 0.27% GGAL 7,350 ▼ 3.10% PAMPA 5,115 ▼ 1.35% TXAR 676.50 ▼ 2.10% ALUAR 1,015 ▲ 1.50% TGS 9,205 ▼ 2.80% CEPU 2,309 ▼ 2.49% MIRGOR 16,925 ▼ 0.88% COME 47.91 ▼ 3.17% LOMA NEGRA 3,430 ▼ 2.14% BYMA 292.50 ▼ 0.17% TELECOM ARG 4,053 ▼ 2.88% ECOPETROL 15.58 ▼ 2.50% BANCOLOMBIA 72.25 ▼ 2.03% GRUPO AVAL 4.98 ▲ 0.81% CREDICORP 327.42 ▼ 4.80% SOUTHERN COPPER 196.59 ▼ 2.37% BUENAVENTURA 33.86 ▼ 2.67% MERCADOLIBRE 1,639 ▼ 2.05% NUBANK 11.64 ▼ 2.43% XP 15.60 ▼ 3.70% PAGSEGURO 8.77 ▼ 4.88% STONE 10.64 ▼ 5.34% GLOBANT 39.67 ▼ 6.17% TECNOGLASS 42.31 ▼ 3.29% GAP AIRPORT 240.72 ▲ 0.28% ASUR 296.77 ▼ 2.07% OMA AIRPORT 101.18 ▼ 2.25% AMX ADR 25.54 ▼ 0.66% FEMSA ADR 121.81 ▲ 1.39% CEMEX ADR 12.90 ▼ 1.23% PETROBRAS ADR 18.19 ▼ 2.83% VALE ADR 16.06 ▼ 4.52% ITAU ADR 7.59 ▼ 3.44% SANTANDER BR 5.30 ▼ 3.28% AMBEV ADR 3.14 ▼ 3.38% CSN 1.31 ▼ 7.75% GERDAU 4.75 ▼ 2.86% LATAM ADR 49.71 ▼ 2.55% BTC 62,618 ▼ 2.18% ETH 1,755 ▼ 3.15% SOL 68.95 ▼ 3.72% XRP 1.16 ▼ 3.47% BNB 595.90 ▼ 3.90% ADA 0.19 ▼ 5.16% DOGE 0.09 ▼ 3.59% AVAX 7.67 ▼ 4.72% LINK 7.97 ▼ 4.38% DOT 1.03 ▼ 6.48% LTC 45.77 ▼ 2.91% BCH 245.82 ▲ 1.26% TRX 0.33 ▼ 1.41% XLM 0.21 ▼ 1.29% HBAR 0.08 ▼ 2.02% NEAR 2.45 ▼ 13.04% ATOM 1.77 ▼ 4.50% AAVE 70.66 ▼ 5.05% SELIC 14.50% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 55.19 ▼ 3.63% JBS 11.88 ▼ 2.62% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.06 ▼ 5.56% INTER 5.80 ▼ 3.33% EGX 52,653 ▲ 0.17% USD/ZAR 16.22 ▼ 0.64% USD/NGN 1,358 ▲ 0.06% NIKKEI 67,471 ▼ 1.36% CSI300 4,905 ▼ 0.69% HSI 25,253 ▼ 1.48% NIFTY 23,417 ▲ 0.05% KOSPI 8,639 ▼ 1.84% JCI 5,840 ▼ 1.70% USD/JPY 159.77 ▼ 0.14% USD/CNY 6.7730 ▲ 0.06% DAX 24,903 ▲ 0.43% CAC 8,227 ▲ 0.94% FTSE 10,287 ▼ 0.43% MIB 49,886 ▼ 0.30% IBEX 18,275 ▲ 0.55% STOXX 621.64 ▲ 0.07% EUR/USD 1.1648 ▲ 0.40% GBP/USD 1.3463 ▲ 0.31% SPX 7,554 ▼ 0.74% DJI 50,687 ▼ 1.21% NDX 30,571 ▼ 0.29% RUT 2,894 ▼ 1.31% TSX 34,802 ▼ 1.05% VIX 16.68 ▲ 3.86% USD/CAD 1.3895 ▲ 0.01% US10Y 4.4910 ▲ 0.81%
since 2009
Thursday, June 4, 2026

Latin America Venezuela

Delcy Rodriguez Rejects Trump’s “Venezuela 51st State” Idea

By · May 12, 2026 · 5 min read

Daily Brief

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Key Points

Venezuelan acting president Delcy Rodríguez rejected on Monday May 11 US president Donald Trump’s “serious consideration” of annexing Venezuela as the 51st US state, declaring from The Hague that the prospect “is not foreseen and would never be foreseen.”

Trump valued Venezuelan oil reserves at US$40 trillion in a Fox News call, citing the country’s roughly 303 billion barrels of proven reserves (approximately 17% of global reserves) concentrated in the Orinoco Belt as strategic justification.

Secretary of State Marco Rubio presented a Senate 3-phase Venezuela plan covering crude-control stabilisation, US$100 billion economic recovery investment, and democratic transition with elections before end-2026, against the backdrop of the January 2026 US military operation against the Maduro regime.

Venezuelan acting president Delcy Rodríguez rejected on Monday May 11, 2026 US president Donald Trump’s “serious consideration” of annexing Venezuela as the 51st US state, declaring from The Hague that the prospect “is not foreseen and would never be foreseen.” Trump made the statement in a Fox News morning call, valuing Venezuelan oil reserves at US$40 trillion and citing what he described as Venezuelan affection for him. Rodríguez countered that Venezuelans “love their independence” and that the path forward must run through “energy and diplomatic understanding.” The exchange comes against the backdrop of the January 2026 US military operation against the Maduro regime, the Rubio 3-phase US$100 billion transition plan presented to the US Senate, and the continued contestation of Venezuelan executive legitimacy on multiple international fronts.

The Rio Times, the Latin American financial news outlet, reports that Rodríguez fielded the press question outside the International Court of Justice in The Hague, where she had attended the final day of hearings on the Essequibo territorial dispute with Guyana. Her position was unambiguous: “That is not foreseen, it would never be foreseen, because if there is one thing we Venezuelans have it is that we love our independence and our heroes and heroines.”

Rodríguez framed the rejection as a defence of “integrity, sovereignty, independence and history,” and described Venezuelan history as “a history of glory of men and women who gave their lives to make us not a colony but a free country.” The reference to the independence process echoes Simón Bolívar-era founding narratives that remain central to chavista political discourse.

Trump’s Fox News Statement and the Oil Valuation

Trump told Fox News co-host John Roberts on Monday morning that he was “seriously considering making Venezuela the 51st state of the United States,” citing Venezuelan affection and the value of the country’s oil reserves at “US$40 trillion.” The White House did not immediately respond to requests for comment. Trump has made similar statements about Canada and Greenland, and previously posted a sarcastic message in March 2026 after Venezuela defeated the US in the Baseball World Classic with the implication “state number 51?”

Delcy Rodriguez Rejects Trump’s “Venezuela 51st State” Idea. (Photo Internet reproduction)

Venezuela holds the world’s largest proven oil reserves at approximately 303 billion barrels, equivalent to roughly 17% of global reserves and concentrated in the Orinoco Belt. The country also holds one of the largest natural-gas reserves globally. Rodríguez highlighted these dimensions of Venezuelan economic geography as the basis for energy cooperation, not annexation: “The path has to be cooperation.”

The Rubio Three-Phase Plan and the January 2026 Operation

Element Detail
Phase 1 Stabilisation with crude-output control
Phase 2 Economic recovery with US$100 billion investment
Phase 3 Democratic transition with end-2026 elections
Operational backdrop January 3, 2026 US military operation
Reserves at stake 303 billion barrels (17% global)
Trump valuation US$40 trillion

Secretary of State Marco Rubio presented a three-phase Venezuela plan to the US Senate that pairs crude-output stabilisation with US$100 billion of recovery investment and a transition path to democratic elections before end-2026. The plan formalises the post-operation US approach following the January 2026 military intervention that displaced Nicolás Maduro from the presidency and elevated Rodríguez into the acting-president role contested between rival Venezuelan factions.

The annexation comment from Trump arrives at a moment when his administration’s policy posture remains in flux, with Rubio’s structured plan and the open question of whether the US recognises the Rodríguez interim government, Maduro loyalists or the opposition María Corina Machado architecture as the legitimate interlocutor. Rodríguez’s reference to the “cooperation agenda” with Trump signals that Caracas is preserving the possibility of bilateral engagement despite the annexation provocation.

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B3 · pre-open setup
Jun 4, 2026 · 09:09

Ibovespa · benchmark
170,331
-2.22%
L 170,008day rangeH 174,192

+23.84% over 12 months

Market breadth · 33 names
21% advancing

7 ▲ advancing26 declining ▼

Currencies, rates & key inputs
USD / BRL
5.06
-0.03%

EUR / BRL
5.89
+1.01%

Selic rate
14.50%
·

Brent crude
94.63
-3.25%

Iron ore
161.91
·

Sector heatmap · average move today
Materials
+0.53%
SUZB3, KLABIN

Energy
+0.11%
PETR4, PRIO3

Other
-0.66%
BRENT, WTI, IRON ORE, GOLD

Industrials
-1.92%
WEGE3, RENT3

Consumer Staples
-2.17%
SLCE3, ABEV3

Financials
-2.69%
ITUB4, BBDC4, BBAS3, B3SA3

Mining
-4.07%
VALE3, CSNA3, GGBR4

Utilities
-4.42%
ENEV3

Consumer Disc.
-7.08%
AZZA3, LREN3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
170,331
-2.22%

S&P/BMV IPCMexico
68,286
-0.88%

S&P IPSAChile
10,360
-1.04%

S&P MERVALArgentina
3,164,196
-1.86%

MSCI COLCAPColombia
2,238.99
-1.13%

BVL S&P PerúPeru
34,836.62
+0.71%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 170,331 -2.22% +23.84% 174,198 174,192 170,008
USD/BRL 5.06 -0.03% -10.18% 5.07 5.08 5.03
EUR/BRL 5.89 +1.01% -8.12% 5.83 5.91 5.87
SELIC 14.50%
BRENT 94.63 -3.25% +45.90% 97.81 97.57 94.61 12,142
WTI 92.80 -3.35% +47.65% 96.02 95.91 92.76 57,006
IRON ORE 161.91 +68.20% 161.91 161.91 1
GOLD 4,533 +2.16% +34.36% 4,437 4,533 4,450 46,027
SILVER 74.65 +1.59% +116.24% 73.48 74.66 72.57 11,032
LITHIUM 84.86 -1.78% +128.30% 86.40 85.98 84.66 293,194
SOY 1,148 -0.56% +9.81% 1,154 1,155 1,146 16,972
CORN 428.25 -0.75% -2.39% 431.50 431.50 425.25 45,304
WHEAT 587.50 +0.04% +8.15% 587.25 588.75 581.25 12,011
COFFEE 249.45 -1.44% -27.94% 253.10 254.10 249.30 4,943
SUGAR 14.35 +0.77% -14.33% 14.24 14.45 14.18 14,555
ORANGE JUICE 167.05 +4.41% -39.62% 160.00 169.75 160.55
COTTON 76.32 -0.53% +17.43% 76.73 69.62 69.04 7,243
BEEF 237.85 -3.97% +8.91% 247.68 240.23 235.38 32,046
CATTLE 342.58 -1.68% +12.74% 348.42 348.30 340.80 11,087
COCOA 3,981 -2.23% -59.98% 4,072 4,075 3,941 3,002
PETR4 41.25 -0.77% +36.68% 41.57 41.87 41.25 42,592,300
VALE3 81.79 -3.78% +55.70% 85.00 83.79 81.79 19,160,100
SUZB3 41.22 +1.95% -18.21% 40.43 41.25 40.18 6,497,500
KLABIN 16.76 -0.89% -8.50% 16.91 16.84 16.63 5,058,800
SLCE3 14.98 -2.03% -11.07% 15.29 15.32 14.97 6,066,300
ABEV3 16.07 -2.31% +14.70% 16.45 16.32 16.05 24,072,100
ITUB4 38.72 -2.12% +7.70% 39.56 39.30 38.64 40,828,700
BBDC4 17.37 -2.14% +5.27% 17.75 17.62 17.31 30,093,300
BBAS3 19.53 -1.81% -15.01% 19.89 19.87 19.46 26,803,500
B3SA3 15.52 -4.67% +9.45% 16.28 16.16 15.46 41,244,500
WEGE3 41.78 -0.52% +0.19% 42.00 42.45 41.29 6,570,300
PRIO3 62.59 +0.98% +52.84% 61.98 63.30 61.66 8,898,500
RENT3 40.44 -3.32% -6.22% 41.83 41.32 40.18 7,370,100
AZZA3 17.38 -8.48% -61.27% 18.99 18.64 17.24 4,221,800
CSNA3 6.68 -6.31% -20.29% 7.13 6.98 6.53 25,238,100
GGBR4 24.13 -2.11% +48.58% 24.65 24.24 23.80 13,008,100
ENEV3 24.23 -4.42% +71.84% 25.35 25.07 24.21 18,055,400
LREN3 14.64 -5.67% -22.17% 15.52 15.13 14.60 16,911,600

Largest moves today
AZZA3
17.38
-8.48%
CSNA3
6.68
-6.31%
LREN3
14.64
-5.67%
B3SA3
15.52
-4.67%
ENEV3
24.23
-4.42%
ORANGE JUICE
167.05
+4.41%
BEEF
237.85
-3.97%
VALE3
81.79
-3.78%

The session read
The Ibovespa eased 2.22%, with breadth negative — 7 of 33 names higher. Materials led, while Consumer Disc. lagged.

The Geographic and Political Implausibility

No formal US statehood-admission mechanism applies to a foreign sovereign country, and the announcement carries no constitutional procedural weight under either US or Venezuelan law. The framing in the Trump call appears designed to reassert US strategic interest in Venezuelan reserves rather than initiate a formal annexation process. Reactions from Caracas and from regional governments treat it as a rhetorical signal, but one that crystallises the tension between US energy-policy logic and the sovereignty narratives of Latin American governments.

Rodríguez has positioned the cooperation alternative as concrete: Venezuelan crude in exchange for the lifting of remaining sanctions, recognition of the interim government, and a transition path that respects national sovereignty. Whether the Trump administration moves toward formal cooperation, doubles down on the annexation rhetoric, or relies on the Rubio 3-phase plan will determine the next chapter of Caracas-Washington relations.

Connected Coverage

The annexation rejection sits inside the broader Venezuelan transition narrative covered in our Delcy at the ICJ on Essequibo and Machado return analysis.

Energy-geopolitics context is in our Venezuela polls Chevron analysis and our Machado Qatar transition piece.

What to Watch

  • White House clarification or follow-up statements on the 51st state remarks and whether the Trump position hardens or softens through May.
  • Marco Rubio 3-phase plan Senate progression, particularly the US$100 billion phase-2 investment vehicle structure.
  • Rodríguez return from The Hague and any new bilateral engagement signals.
  • Machado-faction response to both the Trump annexation idea and the Rodríguez ICJ appearance.
  • Chevron, ExxonMobil and ConocoPhillips positioning ahead of any new Venezuelan licensing or sanctions decisions.

Frequently Asked Questions

What did Trump say about Venezuela?

In a Fox News call on Monday May 11, 2026 Trump said he was “seriously considering making Venezuela the 51st state of the United States,” citing Venezuelan affection for him and valuing the country’s oil reserves at US$40 trillion. He has made similar comments about Canada and Greenland and previously joked about “state 51” status in March 2026.

What did Delcy Rodriguez say in response?

The acting president declared on May 11, 2026 from The Hague: “That is not foreseen, it would never be foreseen, because if there is one thing we Venezuelans have it is that we love our independence.” She affirmed Venezuela “is not and will not be a colony of anyone” and called for “energy and diplomatic understanding” rather than annexation. The path forward, she said, must be cooperation.

What are Venezuelan oil reserves?

Venezuela holds the world’s largest proven oil reserves at approximately 303 billion barrels (17% of global reserves), concentrated in the Orinoco Belt. The country also has one of the largest natural-gas reserves globally. Trump’s US$40 trillion valuation reflects the strategic dimension that has shaped US Venezuela policy since the 2017 sanctions framework.

What is the Rubio 3-phase plan?

Secretary of State Marco Rubio presented to the US Senate a 3-phase Venezuela plan covering (1) stabilisation with crude-output control, (2) economic recovery requiring US$100 billion of investment, and (3) democratic transition with elections before end-2026. The plan formalises post-operation US policy following the January 3, 2026 military intervention that displaced Nicolás Maduro.

Updated: 2026-05-12T16:30:00Z

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