IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.40% USD/MXN17.40▼ 0.19% USD/CLP934.04▼ 0.05% USD/COP3,226▼ 1.31% USD/PEN3.39▲ 0.09% USD/ARS1,477▼ 0.30% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.21% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.21% BRENT 91.06 ▲ 2.06% WTI 84.25 ▲ 1.23% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.73% GOLD 4,074 ▲ 1.59% SILVER 59.05 ▲ 3.95% SOY 1,222 ▼ 0.31% CORN 475.75 ▲ 5.84% WHEAT 677.00 ▲ 0.45% COFFEE 323.20 ▼ 3.35% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 142.15 ▼ 3.56% COTTON 80.03 ▲ 3.44% COCOA 5,611 ▲ 1.65% BEEF 222.68 ▼ 1.70% CATTLE 344.08 ▼ 2.25% LITHIUM 69.26 ▲ 3.50% PETR4 41.56 ▲ 1.00% VALE3 72.35 ▲ 0.58% ITUB4 42.38 ▲ 0.19% BBDC4 18.51 ▲ 0.54% ABEV3 15.83 ▲ 0.25% BBAS3 20.67 ▲ 2.48% B3SA3 15.13 ▼ 0.85% WEGE3 42.68 ▼ 1.04% PRIO3 58.68 ▲ 1.72% SUZB3 41.62 ▼ 0.64% RENT3 36.65 ▼ 2.24% AZZA3 17.81 ▼ 1.98% CSAN3 3.77 ▼ 1.31% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▲ 4.23% GMAT3 3.81 ▼ 1.04% PSSA3 53.30 ▼ 1.66% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.61 ▲ 0.29% NATU3 8.78 ▲ 1.74% BRKM5 5.86 ▼ 1.35% RANI3 7.89 ▼ 1.25% CSNA3 5.09 ▲ 0.39% CMIN3 5.47 ▲ 1.48% USIM5 8.43 ▲ 3.31% GGBR4 23.63 ▲ 0.04% ENEV3 25.37 ▼ 1.09% CPFE3 46.39 ▲ 0.15% CMIG4 11.03 ▲ 0.09% EQTL3 38.57 ▼ 1.83% LREN3 13.19 ▼ 0.90% VIVT3 35.50 ▼ 0.48% RAIL3 13.27 ▼ 2.21% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.33 ▼ 5.98% HAPV3 11.36 ▼ 1.65% FLRY3 16.46 ▼ 0.60% SMTO3 15.43 ▲ 0.13% UGPA3 31.60 ▼ 0.32% VBBR3 33.51 ▼ 1.76% BBSE3 41.12 ▲ 0.17% BPAC11 55.60 ▼ 0.43% CURY3 29.58 ▼ 2.02% AERI3 2.05 ▼ 0.97% VIVARA 21.38 ▼ 2.64% COMPASS 24.37 ▼ 0.94% VAMOS 3.12 ▲ 0.97% SANB11 27.27 ▲ 0.96% ASAI3 8.19 ▲ 0.61% SBSP3 28.55 ▼ 1.48% WALMEX 49.25 ▼ 0.26% GMEXICO 206.19 ▲ 2.67% FEMSA 225.89 ▼ 0.48% CEMEX 21.97 ▲ 0.41% GFNORTE 185.05 ▲ 2.81% BIMBO 58.91 ▼ 0.99% TELEVISA 9.81 ▲ 1.03% AMX 22.68 ▼ 0.26% GAP 376.40 ▼ 0.47% ASUR 272.15 ▼ 0.81% OMA 224.27 ▼ 0.96% KOF 180.35 ▼ 0.25% GRUMA 282.03 ▼ 1.94% KIMBER 38.20 ▼ 0.49% SQM-B 64,747 ▲ 2.58% COPEC 6,374 ▲ 2.81% BSANTANDER 79.00 ▲ 3.82% FALABELLA 5,892 ▲ 0.29% ENELAM 84.57 ▲ 0.55% CENCOSUD 2,012 ▲ 0.87% CMPC 1,090 ▲ 2.19% BANCO CHILE 190.15 ▲ 1.96% LATAM AIR 24.43 ▲ 0.08% YPF 80,250 ▲ 1.33% GGAL 7,995 ▲ 1.91% PAMPA 5,420 ▲ 2.85% TXAR 663.50 ▼ 1.04% ALUAR 967.00 ▲ 0.78% TGS 9,665 ▲ 1.74% CEPU 2,351 ▲ 2.71% MIRGOR 16,925 ▼ 1.17% COME 43.17 ▲ 0.51% LOMA NEGRA 3,640 ▲ 1.89% BYMA 293.75 — 0.00% TELECOM ARG 4,228 ▲ 1.99% ECOPETROL 16.35 ▲ 2.00% BANCOLOMBIA 83.27 ▲ 3.03% GRUPO AVAL 5.01 ▲ 1.21% CREDICORP 394.51 ▲ 1.98% SOUTHERN COPPER 186.21 ▲ 6.36% BUENAVENTURA 31.18 ▲ 3.73% MERCADOLIBRE 1,816 ▼ 0.89% NUBANK 14.27 ▲ 1.97% XP 16.76 ▼ 0.24% PAGSEGURO 9.54 ▲ 2.64% STONE 11.27 ▲ 1.30% GLOBANT 31.85 ▼ 1.36% TECNOGLASS 45.95 ▼ 0.36% GAP AIRPORT 216.56 ▼ 0.26% ASUR 272.15 ▼ 0.81% OMA AIRPORT 103.61 ▼ 0.38% AMX ADR 26.05 ▼ 0.19% FEMSA ADR 129.79 ▼ 0.17% CEMEX ADR 12.63 ▲ 1.12% PETROBRAS ADR 18.45 ▲ 1.40% VALE ADR 14.23 ▲ 0.92% ITAU ADR 8.35 ▲ 0.36% SANTANDER BR 5.41 ▲ 0.65% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% LATAM ADR 52.10 ▲ 0.70% BTC 66,416 ▲ 1.82% ETH 1,924 ▲ 1.06% SOL 77.85 ▲ 0.07% XRP 1.15 ▲ 3.47% BNB 573.41 ▲ 0.47% ADA 0.17 ▲ 1.95% DOGE 0.07 ▲ 1.47% AVAX 6.61 ▲ 0.51% LINK 8.64 ▲ 0.71% DOT 0.85 ▲ 3.13% LTC 47.39 ▲ 0.11% BCH 225.26 ▲ 2.44% TRX 0.33 ▲ 0.57% XLM 0.19 ▲ 1.96% HBAR 0.07 ▲ 2.45% NEAR 1.93 ▼ 2.61% ATOM 1.49 ▼ 0.34% AAVE 95.72 ▲ 6.62% SELIC 14.25% EMBRAER 83.39 ▲ 0.12% EMBRAER ADR 65.89 ▼ 0.06% JBS 11.87 ▼ 1.36% JBS BDR 60.14 ▼ 1.07% MBRF3 15.15 ▲ 4.34% MBRFY 2.95 ▲ 1.37% INTER 5.57 ▼ 0.89% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.40% USD/MXN 17.39 ▼ 0.21% USD/CLP 933.72 ▼ 0.08% USD/COP 3,225 ▼ 1.35% USD/PEN 3.39 ▲ 0.10% USD/ARS 1,477 ▼ 0.30% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.21% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 1.20% BRENT 91.06 ▲ 2.06% WTI 84.25 ▲ 1.23% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.73% GOLD 4,074 ▲ 1.59% SILVER 59.05 ▲ 3.95% SOY 1,222 ▼ 0.31% CORN 475.75 ▲ 5.84% WHEAT 677.00 ▲ 0.45% COFFEE 323.20 ▼ 3.35% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 142.15 ▼ 3.56% COTTON 80.03 ▲ 3.44% COCOA 5,611 ▲ 1.65% BEEF 222.68 ▼ 1.70% CATTLE 344.08 ▼ 2.25% LITHIUM 69.26 ▲ 3.50% PETR4 41.56 ▲ 1.00% VALE3 72.35 ▲ 0.58% ITUB4 42.38 ▲ 0.19% BBDC4 18.51 ▲ 0.54% ABEV3 15.83 ▲ 0.25% BBAS3 20.67 ▲ 2.48% B3SA3 15.13 ▼ 0.85% WEGE3 42.68 ▼ 1.04% PRIO3 58.68 ▲ 1.72% SUZB3 41.62 ▼ 0.64% RENT3 36.65 ▼ 2.24% AZZA3 17.81 ▼ 1.98% CSAN3 3.77 ▼ 1.31% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▲ 4.23% GMAT3 3.81 ▼ 1.04% PSSA3 53.30 ▼ 1.66% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.61 ▲ 0.29% NATU3 8.78 ▲ 1.74% BRKM5 5.86 ▼ 1.35% RANI3 7.89 ▼ 1.25% CSNA3 5.09 ▲ 0.39% CMIN3 5.47 ▲ 1.48% USIM5 8.43 ▲ 3.31% GGBR4 23.63 ▲ 0.04% ENEV3 25.37 ▼ 1.09% CPFE3 46.39 ▲ 0.15% CMIG4 11.03 ▲ 0.09% EQTL3 38.57 ▼ 1.83% LREN3 13.19 ▼ 0.90% VIVT3 35.50 ▼ 0.48% RAIL3 13.27 ▼ 2.21% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.33 ▼ 5.98% HAPV3 11.36 ▼ 1.65% FLRY3 16.46 ▼ 0.60% SMTO3 15.43 ▲ 0.13% UGPA3 31.60 ▼ 0.32% VBBR3 33.51 ▼ 1.76% BBSE3 41.12 ▲ 0.17% BPAC11 55.60 ▼ 0.43% CURY3 29.58 ▼ 2.02% AERI3 2.05 ▼ 0.97% VIVARA 21.38 ▼ 2.64% COMPASS 24.37 ▼ 0.94% VAMOS 3.12 ▲ 0.97% SANB11 27.27 ▲ 0.96% ASAI3 8.19 ▲ 0.61% SBSP3 28.55 ▼ 1.48% WALMEX 49.25 ▼ 0.26% GMEXICO 206.19 ▲ 2.67% FEMSA 225.89 ▼ 0.48% CEMEX 21.97 ▲ 0.41% GFNORTE 185.05 ▲ 2.81% BIMBO 58.91 ▼ 0.99% TELEVISA 9.81 ▲ 1.03% AMX 22.68 ▼ 0.26% GAP 376.40 ▼ 0.47% ASUR 272.15 ▼ 0.81% OMA 224.27 ▼ 0.96% KOF 180.35 ▼ 0.25% GRUMA 282.03 ▼ 1.94% KIMBER 38.20 ▼ 0.49% SQM-B 64,747 ▲ 2.58% COPEC 6,374 ▲ 2.81% BSANTANDER 79.00 ▲ 3.82% FALABELLA 5,892 ▲ 0.29% ENELAM 84.57 ▲ 0.55% CENCOSUD 2,012 ▲ 0.87% CMPC 1,090 ▲ 2.19% BANCO CHILE 190.15 ▲ 1.96% LATAM AIR 24.43 ▲ 0.08% YPF 80,250 ▲ 1.33% GGAL 7,995 ▲ 1.91% PAMPA 5,420 ▲ 2.85% TXAR 663.50 ▼ 1.04% ALUAR 967.00 ▲ 0.78% TGS 9,665 ▲ 1.74% CEPU 2,351 ▲ 2.71% MIRGOR 16,925 ▼ 1.17% COME 43.17 ▲ 0.51% LOMA NEGRA 3,640 ▲ 1.89% BYMA 293.75 — 0.00% TELECOM ARG 4,228 ▲ 1.99% ECOPETROL 16.35 ▲ 2.00% BANCOLOMBIA 83.27 ▲ 3.03% GRUPO AVAL 5.01 ▲ 1.21% CREDICORP 394.51 ▲ 1.98% SOUTHERN COPPER 186.21 ▲ 6.36% BUENAVENTURA 31.18 ▲ 3.73% MERCADOLIBRE 1,816 ▼ 0.89% NUBANK 14.27 ▲ 1.97% XP 16.76 ▼ 0.24% PAGSEGURO 9.54 ▲ 2.64% STONE 11.27 ▲ 1.30% GLOBANT 31.85 ▼ 1.36% TECNOGLASS 45.95 ▼ 0.36% GAP AIRPORT 216.56 ▼ 0.26% ASUR 272.15 ▼ 0.81% OMA AIRPORT 103.61 ▼ 0.38% AMX ADR 26.05 ▼ 0.19% FEMSA ADR 129.79 ▼ 0.17% CEMEX ADR 12.63 ▲ 1.12% PETROBRAS ADR 18.45 ▲ 1.40% VALE ADR 14.23 ▲ 0.92% ITAU ADR 8.35 ▲ 0.36% SANTANDER BR 5.41 ▲ 0.65% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% LATAM ADR 52.10 ▲ 0.70% BTC 66,416 ▲ 1.82% ETH 1,924 ▲ 1.06% SOL 77.85 ▲ 0.07% XRP 1.15 ▲ 3.47% BNB 573.41 ▲ 0.47% ADA 0.17 ▲ 1.95% DOGE 0.07 ▲ 1.47% AVAX 6.61 ▲ 0.51% LINK 8.64 ▲ 0.71% DOT 0.85 ▲ 3.13% LTC 47.39 ▲ 0.11% BCH 225.26 ▲ 2.44% TRX 0.33 ▲ 0.57% XLM 0.19 ▲ 1.96% HBAR 0.07 ▲ 2.45% NEAR 1.93 ▼ 2.61% ATOM 1.49 ▼ 0.34% AAVE 95.72 ▲ 6.62% SELIC 14.25% EMBRAER 83.39 ▲ 0.12% EMBRAER ADR 65.89 ▼ 0.06% JBS 11.87 ▼ 1.36% JBS BDR 60.14 ▼ 1.07% MBRF3 15.15 ▲ 4.34% MBRFY 2.95 ▲ 1.37% INTER 5.57 ▼ 0.89%
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Tuesday, July 21, 2026

Lula Helps Broker Iran Nuclear Deal

By · May 18, 2010 · 3 min read

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By Jewellord Singh, Contributing Reporter

RIO DE JANEIRO – Brazilian President Lula da Silva and Turkish Prime Minister Recep Tayyip Erdogan have reached a deal with Iran after President Mahmoud Ahmadinejad agreed to deposit 1,200kg low-enriched uranium in Turkey.

Iranian President Mahmoud Ahmadinejad greeted President Lula last weekend, photo by Daniella Zalcman/Wikimedia Creative Commons License.
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The swap agreement aims to continue the negotiations of Iran with the international community that will hopefully halt further economic sanctions against the country. The deal does not, however, reflect the overall goal of the UN, in particular the Western countries, of completely ending the Iranian nuclear program.

Equally, President Lula’s ability abilities at the negotiating table are not to be understated, and Iran says it is ready to transfer its uranium deposits to Turkey as soon as the ´Vienna  Group´ approves the deal. This includes the U.S., Russia, France and the UN inspecting body, International Atomic Energy Agency (IAEA).

The deal was met with a mixed response from the international community and the U.S. government has suggested that the agreement is merely a tactic to temporarily suspend the sanctions. Iran was declared part of the ‘Axis of Evil’ by the Bush government and the two have since had a sour relationship over nuclear disarmament, terrorism, and the regional ambitions of Iran.

President Obama’s initial commitment towards ‘constructive engagement’ upon his elections has likewise failed to reach a satisfactory conclusion. Indeed, the mutual distrust between the U.S. and Iran is the main impediment to any form of positive engagement.

Within the United Nations, Russia and China have been particularly cautious over proposing any new sanctions against Iran, whilst the likes of France and the UK are willing to discuss their viability.

In 2009, the U.S. government made clear demands beyond simply ending the nuclear programme. In relation to terrorism, Iran was to halt its financial and arms support towards Hezbollah in Lebanon and Hamas in Gaza. It should also actively help stabilise the Middle East, particularly Afghanistan and Iraq. In reply, Iran has always demanded an end to UN and U.S. sanctions and Khamenei also demands an end to American military and political intervention in the Middle East along with acceptance of the international community of its right to develop its uranium research program.

President Lula giving the inaugural speech at the United Nations in New York City in 2007, photo by Marcello Casal JR/Agencia Brasil.

Iran was part of the proxy wars fought by the U.S. and former USSR. The covert military operations supported by the American government prior to the Iranian Revolution has left Iran isolated in the 1990s. America, the UN and other Western countries have continuously failed to persuade Iran in giving up its nuclear weapons programme.

This relatively successful deal is part of the new international role that Brazil under Lula has played in global affairs. Turkey and Brazil currently hold non-permanent seats in the UN Security Council and their deal is likely to change the terms of the debate on international nuclear diplomacy. In short, they have at least partly succeeded in areas where Western powers failed. Brazil is also part of the BRIC group, whose economic importance is now clearly coupled with increasing political significance.

Whether the deal will eventually touch on the central issue of nuclear disarmament remains to be seen. The latest talks represent just a small step towards constructive engagement with one of the most isolated states in the international community.



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