IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.57% USD/MXN17.52▲ 0.74% USD/CLP946.46▲ 1.16% USD/COP3,190▼ 1.15% USD/PEN3.39▼ 0.24% USD/ARS1,489▲ 0.40% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.25% BRENT 100.16 ▲ 6.47% WTI 91.80 ▲ 5.72% IRON ORE 161.91 — — COPPER 6.31 ▼ 2.12% GOLD 4,049 ▼ 2.36% SILVER 57.77 ▼ 3.75% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.01 ▲ 0.01% PETR4 42.96 ▲ 0.89% VALE3 75.43 ▲ 0.44% ITUB4 42.45 ▼ 1.05% BBDC4 18.76 ▼ 1.11% ABEV3 15.89 ▼ 1.49% BBAS3 20.93 ▼ 0.76% B3SA3 15.61 ▼ 1.82% WEGE3 45.04 ▼ 3.64% PRIO3 61.00 ▲ 2.06% SUZB3 42.39 ▼ 0.63% RENT3 36.95 ▼ 0.51% AZZA3 17.06 ▼ 4.21% CSAN3 3.91 ▼ 0.26% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.86 ▼ 1.28% PSSA3 55.17 ▼ 0.51% CVCB3 1.32 ▲ 3.94% POSI3 3.60 ▼ 2.70% SLCE3 13.70 ▼ 1.86% NATU3 8.61 ▼ 0.81% BRKM5 6.21 ▲ 2.31% RANI3 7.95 ▼ 0.63% CSNA3 5.33 ▼ 0.93% CMIN3 5.87 ▲ 0.51% USIM5 8.49 ▼ 1.85% GGBR4 24.04 ▼ 0.08% ENEV3 25.68 ▼ 1.12% CPFE3 46.37 ▼ 0.73% CMIG4 11.20 ▼ 0.09% EQTL3 38.96 ▼ 0.99% LREN3 13.38 ▼ 1.18% VIVT3 34.63 ▼ 2.12% RAIL3 13.95 ▲ 2.27% KLABIN 17.62 ▼ 1.73% RAIA DROGASIL 18.21 ▼ 0.44% RDOR3 33.77 ▼ 2.09% HAPV3 10.57 ▼ 7.20% FLRY3 16.64 ▼ 0.06% SMTO3 15.75 ▼ 1.87% UGPA3 33.28 ▲ 1.37% VBBR3 35.56 ▲ 1.66% BBSE3 42.51 ▼ 0.16% BPAC11 56.19 ▼ 1.46% CURY3 29.59 ▼ 2.02% AERI3 2.02 ▼ 1.46% VIVARA 21.55 — 0.00% COMPASS 25.12 ▲ 1.25% VAMOS 3.19 ▼ 1.24% SANB11 26.61 ▼ 1.26% ASAI3 8.04 ▼ 4.29% SBSP3 28.98 ▼ 1.06% WALMEX 47.32 ▼ 2.73% GMEXICO 209.15 ▼ 2.73% FEMSA 222.88 ▼ 2.13% CEMEX 21.55 ▼ 2.80% GFNORTE 189.31 ▼ 1.21% BIMBO 59.00 ▼ 2.16% TELEVISA 9.81 ▼ 0.10% AMX 22.77 ▲ 0.35% GAP 376.78 ▲ 0.01% ASUR 268.88 ▼ 1.70% OMA 226.92 ▼ 0.78% KOF 179.78 ▼ 1.57% GRUMA 269.53 ▼ 3.89% KIMBER 39.38 ▲ 1.44% SQM-B 65,650 ▲ 0.91% COPEC 6,455 ▼ 1.45% BSANTANDER 79.68 ▼ 0.21% FALABELLA 6,078 ▲ 0.60% ENELAM 84.53 — 0.00% CENCOSUD 1,976 ▼ 1.68% CMPC 1,048 ▼ 2.06% BANCO CHILE 191.45 ▼ 1.06% LATAM AIR 23.67 ▼ 1.74% YPF 82,625 ▲ 0.15% GGAL 7,965 ▼ 3.75% PAMPA 5,640 ▲ 0.27% TXAR 678.50 ▲ 1.57% ALUAR 983.00 ▲ 0.92% TGS 10,050 ▲ 1.46% CEPU 2,425 ▲ 0.58% MIRGOR 16,800 ▼ 0.74% COME 42.85 ▼ 0.67% LOMA NEGRA 3,760 ▼ 1.31% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,313 ▼ 2.43% ECOPETROL 16.41 ▼ 1.71% BANCOLOMBIA 86.31 ▲ 1.95% GRUPO AVAL 4.93 ▼ 2.28% CREDICORP 388.93 ▼ 1.21% SOUTHERN COPPER 182.75 ▼ 6.51% BUENAVENTURA 31.20 ▼ 2.77% MERCADOLIBRE 1,796 ▼ 0.20% NUBANK 14.26 ▼ 1.76% XP 16.84 ▼ 2.69% PAGSEGURO 9.46 ▼ 2.22% STONE 10.96 ▼ 3.52% GLOBANT 30.39 ▼ 0.91% TECNOGLASS 43.76 ▼ 3.23% GAP AIRPORT 214.95 ▼ 1.19% ASUR 268.88 ▼ 1.70% OMA AIRPORT 103.71 ▼ 1.56% AMX ADR 25.93 ▼ 0.73% FEMSA ADR 127.06 ▼ 2.95% CEMEX ADR 12.29 ▼ 3.42% PETROBRAS ADR 19.03 ▲ 0.71% VALE ADR 14.79 ▼ 0.40% ITAU ADR 8.34 ▼ 1.71% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.10 ▼ 1.43% CSN 1.06 ▼ 3.21% GERDAU 4.73 ▼ 0.84% LATAM ADR 49.80 ▼ 2.86% BTC 64,778 ▼ 2.00% ETH 1,874 ▼ 3.08% SOL 75.72 ▼ 2.81% XRP 1.10 ▼ 3.35% BNB 566.33 ▼ 0.78% ADA 0.17 ▼ 2.70% DOGE 0.07 ▼ 5.13% AVAX 6.28 ▼ 5.09% LINK 8.45 ▼ 1.96% DOT 0.81 ▼ 2.30% LTC 46.91 ▼ 0.34% BCH 209.77 ▼ 4.64% TRX 0.33 ▼ 0.57% XLM 0.18 ▼ 2.43% HBAR 0.07 ▼ 0.96% NEAR 1.88 ▲ 0.48% ATOM 1.42 ▼ 3.11% AAVE 95.36 ▼ 2.05% SELIC 14.25% EMBRAER 83.65 ▼ 0.17% EMBRAER ADR 65.76 ▼ 0.45% JBS 12.10 ▼ 1.22% JBS BDR 61.53 ▼ 0.44% MBRF3 15.72 ▼ 1.93% MBRFY 3.06 ▼ 4.08% INTER 5.43 ▼ 4.57% EGX 53,932 ▼ 0.11% USD/ZAR16.82▲ 2.58% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.82▲ 0.41% USD/CNY6.77▼ 0.05% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.28% GBP/USD1.33▼ 0.46% SPX 7,408 ▼ 1.21% DJI 51,711 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,936 ▼ 0.79% TSX 35,194 ▼ 0.82% VIX 19.43 ▲ 16.77% USD/CAD1.41▼ 0.04% US10Y 4.7030 ▲ 0.99% IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.57% USD/MXN 17.52 ▲ 0.74% USD/CLP 946.46 ▲ 1.16% USD/COP 3,190 ▼ 1.15% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,489 ▲ 0.40% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.25% BRENT 100.16 ▲ 6.47% WTI 91.80 ▲ 5.72% IRON ORE 161.91 — — COPPER 6.31 ▼ 2.12% GOLD 4,049 ▼ 2.36% SILVER 57.77 ▼ 3.75% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.01 ▲ 0.01% PETR4 42.96 ▲ 0.89% VALE3 75.43 ▲ 0.44% ITUB4 42.45 ▼ 1.05% BBDC4 18.76 ▼ 1.11% ABEV3 15.89 ▼ 1.49% BBAS3 20.93 ▼ 0.76% B3SA3 15.61 ▼ 1.82% WEGE3 45.04 ▼ 3.64% PRIO3 61.00 ▲ 2.06% SUZB3 42.39 ▼ 0.63% RENT3 36.95 ▼ 0.51% AZZA3 17.06 ▼ 4.21% CSAN3 3.91 ▼ 0.26% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.86 ▼ 1.28% PSSA3 55.17 ▼ 0.51% CVCB3 1.32 ▲ 3.94% POSI3 3.60 ▼ 2.70% SLCE3 13.70 ▼ 1.86% NATU3 8.61 ▼ 0.81% BRKM5 6.21 ▲ 2.31% RANI3 7.95 ▼ 0.63% CSNA3 5.33 ▼ 0.93% CMIN3 5.87 ▲ 0.51% USIM5 8.49 ▼ 1.85% GGBR4 24.04 ▼ 0.08% ENEV3 25.68 ▼ 1.12% CPFE3 46.37 ▼ 0.73% CMIG4 11.20 ▼ 0.09% EQTL3 38.96 ▼ 0.99% LREN3 13.38 ▼ 1.18% VIVT3 34.63 ▼ 2.12% RAIL3 13.95 ▲ 2.27% KLABIN 17.62 ▼ 1.73% RAIA DROGASIL 18.21 ▼ 0.44% RDOR3 33.77 ▼ 2.09% HAPV3 10.57 ▼ 7.20% FLRY3 16.64 ▼ 0.06% SMTO3 15.75 ▼ 1.87% UGPA3 33.28 ▲ 1.37% VBBR3 35.56 ▲ 1.66% BBSE3 42.51 ▼ 0.16% BPAC11 56.19 ▼ 1.46% CURY3 29.59 ▼ 2.02% AERI3 2.02 ▼ 1.46% VIVARA 21.55 — 0.00% COMPASS 25.12 ▲ 1.25% VAMOS 3.19 ▼ 1.24% SANB11 26.61 ▼ 1.26% ASAI3 8.04 ▼ 4.29% SBSP3 28.98 ▼ 1.06% WALMEX 47.32 ▼ 2.73% GMEXICO 209.15 ▼ 2.73% FEMSA 222.88 ▼ 2.13% CEMEX 21.55 ▼ 2.80% GFNORTE 189.31 ▼ 1.21% BIMBO 59.00 ▼ 2.16% TELEVISA 9.81 ▼ 0.10% AMX 22.77 ▲ 0.35% GAP 376.78 ▲ 0.01% ASUR 268.88 ▼ 1.70% OMA 226.92 ▼ 0.78% KOF 179.78 ▼ 1.57% GRUMA 269.53 ▼ 3.89% KIMBER 39.38 ▲ 1.44% SQM-B 65,650 ▲ 0.91% COPEC 6,455 ▼ 1.45% BSANTANDER 79.68 ▼ 0.21% FALABELLA 6,078 ▲ 0.60% ENELAM 84.53 — 0.00% CENCOSUD 1,976 ▼ 1.68% CMPC 1,048 ▼ 2.06% BANCO CHILE 191.45 ▼ 1.06% LATAM AIR 23.67 ▼ 1.74% YPF 82,625 ▲ 0.15% GGAL 7,965 ▼ 3.75% PAMPA 5,640 ▲ 0.27% TXAR 678.50 ▲ 1.57% ALUAR 983.00 ▲ 0.92% TGS 10,050 ▲ 1.46% CEPU 2,425 ▲ 0.58% MIRGOR 16,800 ▼ 0.74% COME 42.85 ▼ 0.67% LOMA NEGRA 3,760 ▼ 1.31% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,313 ▼ 2.43% ECOPETROL 16.41 ▼ 1.71% BANCOLOMBIA 86.31 ▲ 1.95% GRUPO AVAL 4.93 ▼ 2.28% CREDICORP 388.93 ▼ 1.21% SOUTHERN COPPER 182.75 ▼ 6.51% BUENAVENTURA 31.20 ▼ 2.77% MERCADOLIBRE 1,796 ▼ 0.20% NUBANK 14.26 ▼ 1.76% XP 16.84 ▼ 2.69% PAGSEGURO 9.46 ▼ 2.22% STONE 10.96 ▼ 3.52% GLOBANT 30.39 ▼ 0.91% TECNOGLASS 43.76 ▼ 3.23% GAP AIRPORT 214.95 ▼ 1.19% ASUR 268.88 ▼ 1.70% OMA AIRPORT 103.71 ▼ 1.56% AMX ADR 25.93 ▼ 0.73% FEMSA ADR 127.06 ▼ 2.95% CEMEX ADR 12.29 ▼ 3.42% PETROBRAS ADR 19.03 ▲ 0.71% VALE ADR 14.79 ▼ 0.40% ITAU ADR 8.34 ▼ 1.71% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.10 ▼ 1.43% CSN 1.06 ▼ 3.21% GERDAU 4.73 ▼ 0.84% LATAM ADR 49.80 ▼ 2.86% BTC 64,778 ▼ 2.00% ETH 1,874 ▼ 3.08% SOL 75.72 ▼ 2.81% XRP 1.10 ▼ 3.35% BNB 566.33 ▼ 0.78% ADA 0.17 ▼ 2.70% DOGE 0.07 ▼ 5.13% AVAX 6.28 ▼ 5.09% LINK 8.45 ▼ 1.96% DOT 0.81 ▼ 2.30% LTC 46.91 ▼ 0.34% BCH 209.77 ▼ 4.64% TRX 0.33 ▼ 0.57% XLM 0.18 ▼ 2.43% HBAR 0.07 ▼ 0.96% NEAR 1.88 ▲ 0.48% ATOM 1.42 ▼ 3.11% AAVE 95.36 ▼ 2.05% SELIC 14.25% EMBRAER 83.65 ▼ 0.17% EMBRAER ADR 65.76 ▼ 0.45% JBS 12.10 ▼ 1.22% JBS BDR 61.53 ▼ 0.44% MBRF3 15.72 ▼ 1.93% MBRFY 3.06 ▼ 4.08% INTER 5.43 ▼ 4.57% EGX 53,932 ▼ 0.11% USD/ZAR 16.82 ▲ 2.49% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.82 ▲ 0.45% USD/CNY 6.7696 ▲ 0.08% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD 1.1380 ▼ 0.25% GBP/USD 1.3318 ▼ 0.43% SPX 7,408 ▼ 1.21% DJI 51,711 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,936 ▼ 0.79% TSX 35,194 ▼ 0.82% VIX 19.43 ▲ 16.77% USD/CAD 1.4083 ▲ 0.01% US10Y 4.7030 ▲ 0.99%
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Thursday, July 23, 2026

Fentanyl As “WMD”: Trump Expands The Toolkit, From Sanctions To Possible Military Support

By · December 16, 2025 · 2 min read

Daily Brief

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Key Points

  1. The U.S. now labels illicit fentanyl and key precursor chemicals as weapons of mass destruction.
  2. The order widens the toolkit: counter-WMD intelligence, sanctions, tougher prosecutions, and possible military support.
  3. U.S. strikes at sea and talk of land targets are turning drugs into a security escalation.

President Donald Trump has signed an executive order that treats illicit fentanyl—and “core precursor” chemicals used to make it—as weapons of mass destruction. The document even calls the Pentagon the “Department of War.”

The order directs the Justice Department to intensify investigations and prosecutions. It asks Treasury and State to squeeze facilitators and money flows.

It tells Homeland Security to apply counter-WMD threat intelligence to supply chains. It also orders a review of whether the Defense Department should provide support under existing law.

Fentanyl As “WMD”: Trump Expands The Toolkit, From Sanctions To Possible Military Support. (Photo Internet reproduction)
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The move lands amid a strike campaign. The U.S. military has been hitting suspected drug-smuggling boats in international waters. One set of strikes hit three vessels in the eastern Pacific and reportedly killed eight people.

Reporting has put the campaign’s death toll at about 95 since September, and Congress is pressing for clearer legal authority and evidence standards. Trump has said he wants to extend operations to drug-production targets on land.

Leverage Shapes U.S. Drug Policy and Market Signals

The story behind the story is leverage: “WMD” language can shift budgets, data access, and authority toward agencies built for catastrophic threats, and it gives escalation a cleaner political label.

This push has been building. Trump’s border chief Tom Homan said the idea had been discussed for months; Rep. Lauren Boebert introduced a bill urging DHS to make the designation; and the order follows the 2025 HALT Fentanyl Act tightening controls on fentanyl-related substances.

Preliminary CDC data showed overdose deaths falling sharply in 2024 versus 2023. Yet Trump is escalating while also weighing a softer federal classification for marijuana, a contrast that has lifted cannabis stocks.

The messaging is loud on X and echoed across Facebook and Instagram; TikTok is harder to verify directly. A Reuters/Ipsos poll found only 29% of Americans support the military killing suspected traffickers.

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