IBOV 177,894.97 ▼ 0.06% IPSA 10,996.46 ▼ 0.48% IPC MEX 66,848.35 ▲ 0.22% MERVAL 3,188,971 ▼ 2.61% COLCAP 2,374.67 ▼ 0.42% BVL PERÚ 57,475.88 ▲ 2.27% USD/BRL5.15▲ 0.36% USD/MXN17.24▼ 0.08% USD/CLP910.64▼ 1.60% USD/COP3,194▼ 1.49% USD/PEN3.38▼ 0.37% USD/ARS1,496▲ 0.12% USD/UYU40.19▲ 1.51% USD/PYG5,932▲ 1.24% USD/BOB12.03▲ 0.12% USD/DOP58.17▲ 1.37% USD/CRC446.90▲ 1.41% USD/GTQ7.62▲ 2.08% USD/HNL26.78▲ 1.44% USD/NIO36.62▲ 0.59% USD/VES753.27▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 0.61% USD/TTD6.71▲ 0.83% EUR/BRL5.94▲ 1.23% BRENT 80.40 ▲ 1.31% WTI 76.22 ▲ 0.59% IRON ORE 161.91 — — COPPER 6.64 ▲ 0.29% GOLD 4,224 ▲ 3.14% SILVER 61.79 ▲ 2.88% SOY 1,172 ▲ 1.45% CORN 462.25 ▲ 4.52% WHEAT 639.25 ▲ 0.12% COFFEE 309.75 ▼ 4.43% SUGAR 15.15 ▲ 0.73% ORANGE JUICE 157.35 ▼ 0.63% COTTON 82.86 ▲ 2.13% COCOA 6,218 ▲ 4.70% BEEF 227.85 ▼ 1.41% CATTLE 345.95 ▼ 0.54% LITHIUM 71.69 ▲ 3.28% PETR4 42.50 ▼ 1.28% VALE3 76.31 ▲ 2.24% ITUB4 42.10 ▼ 2.48% BBDC4 18.22 ▼ 1.68% ABEV3 15.87 ▲ 0.63% BBAS3 20.99 ▼ 1.32% B3SA3 15.70 ▲ 0.51% WEGE3 49.17 ▲ 2.01% PRIO3 58.45 ▼ 0.09% SUZB3 43.02 ▼ 0.19% RENT3 39.09 ▲ 2.60% AZZA3 16.04 ▼ 1.17% CSAN3 4.05 ▼ 1.22% RAIZ4 0.28 ▲ 7.69% PCAR3 2.75 — 0.00% GMAT3 3.95 ▼ 0.50% PSSA3 54.25 ▲ 0.46% CVCB3 1.38 ▼ 4.17% POSI3 3.50 ▼ 0.28% SLCE3 13.57 ▲ 1.65% NATU3 8.42 ▼ 0.94% BRKM5 5.83 ▼ 2.18% RANI3 8.34 ▼ 0.95% CSNA3 4.79 ▲ 6.21% CMIN3 5.91 ▲ 3.14% USIM5 7.52 ▼ 0.53% GGBR4 25.87 ▲ 0.94% ENEV3 27.16 ▲ 1.53% CPFE3 46.35 ▲ 0.52% CMIG4 11.28 — 0.00% EQTL3 39.21 ▲ 0.82% LREN3 13.67 ▼ 1.30% VIVT3 31.65 ▼ 2.01% RAIL3 14.12 ▼ 0.28% KLABIN 18.25 ▲ 0.05% RAIA DROGASIL 19.41 ▲ 2.97% RDOR3 34.40 ▲ 1.00% HAPV3 11.78 ▼ 1.09% FLRY3 17.49 ▲ 1.27% SMTO3 13.94 ▼ 3.06% UGPA3 32.60 ▼ 1.51% VBBR3 35.44 ▼ 1.91% BBSE3 42.07 ▲ 1.72% BPAC11 56.75 ▼ 0.65% CURY3 31.75 ▲ 0.95% AERI3 2.19 ▲ 1.86% VIVARA 22.60 ▼ 1.05% COMPASS 24.60 ▼ 1.99% VAMOS 3.33 ▲ 2.15% SANB11 29.10 ▲ 0.59% ASAI3 8.66 ▲ 1.29% SBSP3 28.01 ▲ 1.60% WALMEX 50.13 ▲ 0.68% GMEXICO 217.50 ▲ 2.44% FEMSA 218.19 ▲ 0.42% CEMEX 20.10 ▼ 2.43% GFNORTE 197.72 ▼ 0.46% BIMBO 61.07 ▼ 0.36% TELEVISA 9.60 ▼ 1.23% AMX 21.54 ▼ 0.32% GAP 382.00 ▲ 1.57% ASUR 276.31 ▼ 0.82% OMA 239.84 ▲ 4.11% KOF 187.55 ▲ 1.19% GRUMA 263.07 ▼ 0.34% KIMBER 40.31 ▲ 0.75% SQM-B 62,450 ▲ 0.87% COPEC 6,229 ▼ 1.78% BSANTANDER 79.40 ▼ 1.29% FALABELLA 6,260 ▼ 1.94% ENELAM 87.70 ▲ 0.80% CENCOSUD 1,987 ▲ 1.64% CMPC 1,040 ▼ 0.95% BANCO CHILE 189.02 ▼ 1.80% LATAM AIR 25.45 ▲ 0.79% YPF 7,855 ▼ 3.08% GGAL 7,750 ▼ 2.76% PAMPA 5,375 ▼ 2.27% TXAR 649.00 ▼ 0.84% ALUAR 935.00 ▼ 3.26% TGS 9,520 ▼ 3.74% CEPU 2,303 ▼ 2.83% MIRGOR 1,640 — 0.00% COME 41.92 ▼ 2.94% LOMA NEGRA 3,488 ▼ 2.79% BYMA 291.50 ▼ 0.34% TELECOM ARG 4,358 ▼ 0.63% ECOPETROL 16.31 ▼ 1.78% BANCOLOMBIA 90.01 ▼ 1.21% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 392.12 ▼ 0.93% SOUTHERN COPPER 195.16 ▲ 4.98% BUENAVENTURA 32.26 ▲ 5.87% MERCADOLIBRE 1,889 ▼ 0.54% NUBANK 14.33 ▼ 0.76% XP 16.97 ▼ 0.35% PAGSEGURO 9.50 ▼ 1.04% STONE 11.23 ▼ 1.06% GLOBANT 38.13 ▲ 2.67% TECNOGLASS 46.25 ▼ 1.10% GAP 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USD/JPY157.86▲ 0.07% USD/CNY6.75▼ 0.08% DAX 26,249 ▲ 0.18% CAC 8,671 ▲ 0.05% FTSE 10,896 ▲ 0.15% MIB 53,674 ▲ 0.25% IBEX 20,116 ▲ 0.46% STOXX 657.28 ▲ 0.06% EUR/USD1.15▲ 0.05% GBP/USD1.35▲ 0.23% SPX 7,737 ▲ 1.79% DJI 54,086 ▲ 1.71% NDX 29,733 ▲ 3.32% RUT 3,037 ▲ 1.85% TSX 35,802 ▲ 1.63% VIX 16.01 ▼ 2.97% USD/CAD1.41▲ 0.07% US10Y 4.6270 ▼ 1.26% IBOV 177,894.97 ▼ 0.06% IPSA 10,996.46 ▼ 0.48% IPC MEX 66,848.35 ▲ 0.22% MERVAL 3,188,971 ▼ 2.61% COLCAP 2,374.67 ▼ 0.42% BVL PERÚ 57,475.88 ▲ 2.27% USD/BRL 5.15 ▲ 0.36% USD/MXN 17.25 ▼ 0.07% USD/CLP 910.64 ▼ 1.60% USD/COP 3,194 ▼ 1.49% USD/PEN 3.38 ▼ 0.37% USD/ARS 1,496 ▼ 0.03% USD/UYU 40.19 ▲ 1.13% USD/PYG 5,932 ▲ 1.24% USD/BOB 12.03 ▲ 0.12% USD/DOP 58.17 ▲ 1.37% USD/CRC 446.90 ▲ 0.96% USD/GTQ 7.62 ▲ 2.08% USD/HNL 26.78 ▲ 1.44% USD/NIO 36.62 ▲ 0.59% USD/VES 753.27 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 0.61% USD/TTD 6.71 ▲ 0.83% EUR/BRL 5.94 ▲ 1.23% BRENT 80.40 ▲ 1.31% WTI 76.22 ▲ 0.59% IRON ORE 161.91 — — COPPER 6.64 ▲ 0.29% GOLD 4,224 ▲ 3.14% SILVER 61.79 ▲ 2.88% SOY 1,172 ▲ 1.45% CORN 462.25 ▲ 4.52% WHEAT 639.25 ▲ 0.12% COFFEE 309.75 ▼ 4.43% SUGAR 15.15 ▲ 0.73% ORANGE JUICE 157.35 ▼ 0.63% COTTON 82.86 ▲ 2.13% COCOA 6,218 ▲ 4.70% BEEF 227.85 ▼ 1.41% CATTLE 345.95 ▼ 0.54% LITHIUM 71.69 ▲ 3.28% PETR4 42.50 ▼ 1.28% VALE3 76.31 ▲ 2.24% ITUB4 42.10 ▼ 2.48% BBDC4 18.22 ▼ 1.68% ABEV3 15.87 ▲ 0.63% BBAS3 20.99 ▼ 1.32% B3SA3 15.70 ▲ 0.51% WEGE3 49.17 ▲ 2.01% PRIO3 58.45 ▼ 0.09% SUZB3 43.02 ▼ 0.19% RENT3 39.09 ▲ 2.60% AZZA3 16.04 ▼ 1.17% CSAN3 4.05 ▼ 1.22% RAIZ4 0.28 ▲ 7.69% PCAR3 2.75 — 0.00% GMAT3 3.95 ▼ 0.50% PSSA3 54.25 ▲ 0.46% CVCB3 1.38 ▼ 4.17% POSI3 3.50 ▼ 0.28% SLCE3 13.57 ▲ 1.65% NATU3 8.42 ▼ 0.94% BRKM5 5.83 ▼ 2.18% RANI3 8.34 ▼ 0.95% CSNA3 4.79 ▲ 6.21% CMIN3 5.91 ▲ 3.14% USIM5 7.52 ▼ 0.53% GGBR4 25.87 ▲ 0.94% ENEV3 27.16 ▲ 1.53% CPFE3 46.35 ▲ 0.52% CMIG4 11.28 — 0.00% EQTL3 39.21 ▲ 0.82% LREN3 13.67 ▼ 1.30% VIVT3 31.65 ▼ 2.01% RAIL3 14.12 ▼ 0.28% KLABIN 18.25 ▲ 0.05% RAIA DROGASIL 19.41 ▲ 2.97% RDOR3 34.40 ▲ 1.00% HAPV3 11.78 ▼ 1.09% FLRY3 17.49 ▲ 1.27% SMTO3 13.94 ▼ 3.06% UGPA3 32.60 ▼ 1.51% VBBR3 35.44 ▼ 1.91% BBSE3 42.07 ▲ 1.72% BPAC11 56.75 ▼ 0.65% CURY3 31.75 ▲ 0.95% AERI3 2.19 ▲ 1.86% VIVARA 22.60 ▼ 1.05% COMPASS 24.60 ▼ 1.99% VAMOS 3.33 ▲ 2.15% SANB11 29.10 ▲ 0.59% ASAI3 8.66 ▲ 1.29% SBSP3 28.01 ▲ 1.60% WALMEX 50.13 ▲ 0.68% GMEXICO 217.50 ▲ 2.44% FEMSA 218.19 ▲ 0.42% CEMEX 20.10 ▼ 2.43% GFNORTE 197.72 ▼ 0.46% BIMBO 61.07 ▼ 0.36% TELEVISA 9.60 ▼ 1.23% AMX 21.54 ▼ 0.32% GAP 382.00 ▲ 1.57% ASUR 276.31 ▼ 0.82% OMA 239.84 ▲ 4.11% KOF 187.55 ▲ 1.19% GRUMA 263.07 ▼ 0.34% KIMBER 40.31 ▲ 0.75% SQM-B 62,450 ▲ 0.87% COPEC 6,229 ▼ 1.78% BSANTANDER 79.40 ▼ 1.29% FALABELLA 6,260 ▼ 1.94% ENELAM 87.70 ▲ 0.80% CENCOSUD 1,987 ▲ 1.64% CMPC 1,040 ▼ 0.95% BANCO CHILE 189.02 ▼ 1.80% LATAM AIR 25.45 ▲ 0.79% YPF 7,855 ▼ 3.08% GGAL 7,750 ▼ 2.76% PAMPA 5,375 ▼ 2.27% TXAR 649.00 ▼ 0.84% ALUAR 935.00 ▼ 3.26% TGS 9,520 ▼ 3.74% CEPU 2,303 ▼ 2.83% MIRGOR 1,640 — 0.00% COME 41.92 ▼ 2.94% LOMA NEGRA 3,488 ▼ 2.79% BYMA 291.50 ▼ 0.34% TELECOM ARG 4,358 ▼ 0.63% ECOPETROL 16.31 ▼ 1.78% BANCOLOMBIA 90.01 ▼ 1.21% GRUPO AVAL 5.20 ▼ 0.76% CREDICORP 392.12 ▼ 0.93% SOUTHERN COPPER 195.16 ▲ 4.98% BUENAVENTURA 32.26 ▲ 5.87% MERCADOLIBRE 1,889 ▼ 0.54% NUBANK 14.33 ▼ 0.76% XP 16.97 ▼ 0.35% PAGSEGURO 9.50 ▼ 1.04% STONE 11.23 ▼ 1.06% GLOBANT 38.13 ▲ 2.67% TECNOGLASS 46.25 ▼ 1.10% GAP AIRPORT 220.70 ▲ 1.17% ASUR 276.31 ▼ 0.82% OMA AIRPORT 111.00 ▲ 4.00% AMX ADR 24.88 ▼ 0.32% FEMSA ADR 126.28 — 0.00% CEMEX ADR 11.61 ▼ 1.94% PETROBRAS ADR 18.72 ▼ 1.78% VALE ADR 14.83 ▲ 1.71% ITAU ADR 8.19 ▼ 3.53% SANTANDER BR 5.69 ▼ 0.96% AMBEV ADR 3.04 ▼ 0.33% CSN 0.94 ▲ 0.56% GERDAU 5.10 ▲ 0.79% LATAM ADR 55.69 ▲ 2.16% BTC 64,068 ▲ 0.02% ETH 1,868 ▼ 0.04% SOL 73.95 ▲ 0.32% XRP 1.06 ▼ 0.78% BNB 599.46 ▲ 1.12% ADA 0.19 ▲ 0.55% DOGE 0.07 ▼ 0.40% AVAX 6.67 ▼ 0.22% LINK 8.18 ▲ 0.43% DOT 0.85 ▼ 0.55% LTC 44.88 ▲ 0.11% BCH 210.30 ▼ 1.37% TRX 0.33 ▲ 0.10% XLM 0.17 ▼ 1.36% HBAR 0.07 ▼ 0.55% NEAR 1.71 ▼ 0.80% ATOM 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Wednesday, August 5, 2026

Defense Monitor

US Military Exercises Kick Off with Brazil at Panama Canal

· Wednesday, August 5, 2026 · 5 min read

Defense: Brasília

Key Facts

Drills. US Southern Command launched Panamax 2026 on 3 August, a multinational exercise around the Panama Canal that includes Brazil among 18-plus partner armies, running through 13 August.

Task force. SOUTHCOM stood up a “Joint Task Force Western Hemisphere,” vowing to “apply total systemic pressure” and “eliminate all threats,” chiefly narcoterrorism.

Brazil’s status. Brazil takes part in the drills but is not a member of the US-led Americas Coalition Against Cartels.

Múcio’s remark. Defense Minister José Múcio said Brazil could not militarily match the US and joked he would “open the gate” in a hypothetical invasion.

Context. The comments came the same day Washington revoked the Brazilian ambassador’s visa, sharpening the diplomatic chill.

US military exercises spanning the Western Hemisphere have drawn in Brazil just as its defence minister publicly acknowledged the gulf between Brazilian and American armed forces.

Brazilian Army soldiers on exercise, as US military exercises involve Brazil
Brazilian Army soldiers train during an exercise, as US-led drills draw in Brazil. (Photo: Wikimedia Commons). (Photo: Wikimedia Commons)
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US military exercises
US military exercises. (Photo: Wikimedia Commons)

What the United States Announced

On 3 August 2026, US Southern Command (SOUTHCOM) launched Panamax 2026, an annual exercise held in and around the Panama Canal, this year expanded to include the armies of 18 other countries, among them Brazil. The manoeuvres run through 13 August.

SOUTHCOM said the drills aim to “guarantee the stability of the Western Hemisphere and combat the threat of narcoterrorism.” The command also announced a new “Joint Task Force Western Hemisphere,” a rebranding of an operation launched in 2025 to counter drug trafficking in the region.

In its statement, the United States said it would “apply total systemic pressure” on drug cartels and “eliminate all threats,” without specifying which. Participating nations, it said, “share a common determination to detect, disrupt and defeat existing and emerging threats” in the hemisphere.

Where Brazil Fits In

Brazil is taking part in the Panamax exercise but is not a member of the US-led Americas Coalition Against Cartels, the group coordinating the broader campaign. Mexico, the Netherlands and the United Kingdom also join the drills without belonging to the coalition.

That distinction matters. The Brazilian and Mexican governments, in particular, do not share the Trump administration’s ideological framing of the effort, and Brasília has kept its distance from the coalition even as its forces train alongside US units.

Joint US-Brazil military exercises are not new: the two armies have run regular drills such as Southern Vanguard in recent years, part of a long-standing defence relationship that has continued despite political friction.

Múcio’s ‘Open the Gate’ Comment

Against that backdrop, Brazil’s Defense Minister José Múcio drew attention with remarks at an event hosted by the National Confederation of Industry (CNI) on 4 August. He said Brazil would not be able to confront the United States militarily in a hypothetical invasion.

“A journalist asked me: ‘If the United States wants to invade Brazil, what do you do as Defence Minister?’” Múcio recounted. “Open the gate, because we don’t have the equipment to face them, nor the money to fix the gate. I’d rather open the gate.”

Poder360, citing O Globo, reported that Múcio spoke in a joking tone while arguing for higher defence spending. He said Brazil invests less in defence than many peers and faces budget constraints, as health, education and social programmes compete for the same resources.

Reading the Remarks in Context

Múcio’s comment was a rhetorical device to press for investment, not a description of any imminent conflict. He cited the high cost of submarines and combat aircraft and called for budget predictability for long-term projects, comparing defence spending to a health plan one hopes never to use.

Reporting on the remarks noted they did not indicate any concrete threat of war between Brazil and the United States. The minister also said Brazil aims to strengthen deterrence and expand its defence industry, adding that the country is preparing to export submarines, aircraft and armoured vehicles.

The Diplomatic Backdrop

The military news landed the same day the US State Department revoked the visa of Brazil’s ambassador in Washington, Maria Luiza Ribeiro Viotti, deepening a diplomatic rift that also features 25 percent US tariffs imposed in July and a dispute over ambassadorial appointments.

The Trump administration has adopted an assertive posture toward the region in its second term, tying counter-narcotics goals to pressure on governments it views as insufficiently aligned. Brazil, governed by the left under Lula, has been among the most vocal critics of that approach.

What to Watch

The Panamax exercise ends on 13 August, and the new task force’s operational focus—officially counter-narcotics—will be watched closely in Brasília, which is not part of the coalition steering it.

For now, Brazilian officials have paired public calm with calls for stronger defences. Whether the diplomatic chill with Washington eases or hardens is likely to shape how Brazil positions itself in future regional exercises.

Frequently Asked Questions

What military exercises did the United States announce?

SOUTHCOM launched Panamax 2026 in and around the Panama Canal, expanded this year to 18-plus partner armies including Brazil and running through 13 August, and stood up a new Joint Task Force Western Hemisphere focused on narcoterrorism.

What did Brazil’s defence minister say?

José Múcio said Brazil could not militarily match the United States and joked he would “open the gate” in a hypothetical invasion, using the remark to argue for higher defence spending.

Is Brazil part of the US-led anti-cartel coalition?

No. Brazil takes part in the Panamax drills but has not joined the Americas Coalition Against Cartels; Mexico, the Netherlands and the UK also participate without being coalition members.

Sources

Poder360 (Múcio) · Rondônia Dinâmica / G1 · Zona Militar · GlobalSecurity

Connected Coverage

More on Brazil’s defence policy and its ties with Washington at The Rio Times.

The Rio Times — Brazil coverage

Sources: Poder360, Rondônia Dinâmica / G1, Zona Militar.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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