IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.58▼ 0.05% USD/MXN18.59▼ 0.19% USD/CLP983.69▲ 1.70% USD/COP3,294▲ 0.60% USD/PEN3.42▲ 0.22% USD/ARS1,545▼ 0.03% USD/UYU40.43▲ 3.52% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 1.36% USD/DOP60.46▲ 0.10% USD/CRC445.62▲ 1.24% USD/GTQ7.64▲ 3.18% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.46% USD/TTD6.72▲ 2.10% EUR/BRL6.22▲ 0.74% BRENT 92.60 ▲ 1.21% WTI 86.77 ▲ 0.85% IRON ORE 161.91 — — COPPER 6.30 ▲ 1.29% GOLD 4,058 ▲ 0.68% SILVER 52.95 ▲ 3.62% SOY 1,225 — 0.00% CORN 448.00 ▼ 0.22% WHEAT 600.00 ▲ 1.22% COFFEE 270.30 ▼ 0.41% SUGAR 18.16 ▲ 0.39% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.68 ▲ 5.07% COCOA 4,724 ▼ 5.60% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.58 ▼ 0.01% USD/MXN 18.57 ▼ 0.28% USD/CLP 983.69 ▲ 1.70% USD/COP 3,294 ▲ 0.60% USD/PEN 3.42 ▲ 0.36% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 2.20% USD/BOB 11.68 ▲ 1.36% USD/DOP 60.46 ▲ 2.41% USD/CRC 445.62 ▲ 1.58% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▲ 0.14% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.23 ▲ 0.80% BRENT 92.60 ▲ 1.21% WTI 86.77 ▲ 0.85% IRON ORE 161.91 — — COPPER 6.30 ▲ 1.29% GOLD 4,058 ▲ 0.68% SILVER 52.95 ▲ 3.62% SOY 1,225 — 0.00% CORN 448.00 ▼ 0.22% WHEAT 600.00 ▲ 1.22% COFFEE 270.30 ▼ 0.41% SUGAR 18.16 ▲ 0.39% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.68 ▲ 5.07% COCOA 4,724 ▼ 5.60% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45%
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Wednesday, November 11, 2026

Brazil Latin America

Lula Defends Venezuelan Sovereignty As U.S.–Brazil Seek Thaw After Tariff Clash

By · · 2 min read

In a sharply worded speech in Brasília, President Luiz Inácio Lula da Silva defended Venezuelan and Cuban sovereignty and said no foreign leader should “weigh in” on how those countries are governed.

Speaking at the Communist Party of Brazil’s congress on Thursday, Lula added that Venezuelans “are owners of their destiny,” echoed a long-standing Brazilian doctrine of non-intervention, and praised late Venezuelan leader Hugo Chávez.

He also signaled he may run again, saying he will “possibly” be a candidate in Brazil’s 2026 election if his health allows. Lula’s remarks came a day after U.S. President Donald Trump confirmed he has authorized CIA covert operations in Venezuela amid a broader escalation at sea.

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Washington says recent strikes have targeted drug-smuggling vessels; Caracas has asked the U.N. Security Council to condemn the attacks and says at least 27 people were killed.

The United States has cited the U.N. Charter’s self-defense provisions as justification. The episode has sharpened a regional flashpoint on Brazil’s northern doorstep just as Brasília tries to cool tensions with Washington.

Lula Defends Venezuelan Sovereignty As U.S.–Brazil Seek Thaw After Tariff Clash
Lula Defends Venezuelan Sovereignty As U.S.–Brazil Seek Thaw After Tariff Clash.
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Hours before Lula spoke, Brazil’s foreign minister, Mauro Vieira, met in Washington with U.S. Secretary of State Marco Rubio and U.S. Trade Representative Jamieson Greer.

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Brazil Balances Diplomacy and Domestic Politics

Both sides described the talks as constructive and said they aim to arrange a Lula–Trump meeting “as soon as possible.” Relations have been strained since August, when the United States sharply raised tariffs on a swath of Brazilian products, a move that rattled exporters and inflamed Brazilian politics.

The convergence of these strands—U.S. actions against Venezuela, Lula’s public defense of sovereignty, and early signs of a bilateral thaw—captures Brazil’s balancing act.

Lula is asserting a regional posture that rejects external intervention while seeking practical relief from trade measures that affect prices, jobs, and investment plans on both sides.

Domestically, his hint at a 2026 run ties foreign policy to a broader pitch: rebuild congressional support, sharpen the left’s message, and head off a resurgent right.

What happens next will turn on whether Washington and Brasília translate cordial language into tariff reductions—and whether the Caribbean standoff remains at sea or slides inland, where the risks for Venezuela and its neighbors, including Brazil, would grow.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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