IBOV 171,347.61 ▼ 0.52% IPC MEX 71,866.30 ▲ 0.66% MERVAL 2,848,945 — — USD/BRL5.58▲ 1.33% USD/MXN18.63▲ 0.55% USD/CLP983.76▲ 1.71% USD/COP3,300▲ 5.77% USD/PEN3.41▲ 0.02% USD/ARS1,545▼ 0.03% USD/UYU40.43▲ 3.52% USD/PYG6,196▲ 1.99% USD/BOB11.68▲ 0.19% USD/DOP60.46▲ 2.41% USD/CRC445.62▲ 1.24% USD/GTQ7.64▲ 2.97% USD/HNL26.89▲ 3.05% USD/NIO36.62▲ 2.53% USD/VES897.02▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.36% USD/TTD6.72▲ 2.10% EUR/BRL6.23▲ 1.67% BRENT 91.72 ▼ 0.92% WTI 86.20 ▼ 0.75% IRON ORE 161.91 — — COPPER 6.24 ▼ 1.33% GOLD 4,029 ▼ 2.08% SILVER 51.22 ▼ 2.57% SOY 1,227 ▲ 3.76% CORN 449.75 ▲ 2.39% WHEAT 592.25 ▲ 0.72% COFFEE 266.00 ▼ 2.78% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 147.10 ▲ 6.32% COTTON 78.28 ▼ 0.63% COCOA 4,863 ▼ 2.82% BEEF 222.70 ▲ 3.01% CATTLE 326.63 ▼ 0.53% LITHIUM 59.85 ▼ 2.44% PETR4 45.05 ▼ 0.31% VALE3 64.91 ▼ 1.82% ITUB4 41.19 ▼ 1.27% BBDC4 14.31 ▼ 2.52% ABEV3 15.64 ▲ 0.19% BBAS3 16.84 ▼ 1.06% B3SA3 14.41 ▼ 2.96% WEGE3 50.68 ▼ 0.12% PRIO3 59.49 ▲ 0.17% SUZB3 54.72 ▲ 0.96% RENT3 29.72 ▼ 3.60% AZZA3 14.62 ▼ 3.31% CSAN3 2.67 ▼ 3.61% RAIZ4 24.40 ▼ 12.86% PCAR3 2.42 ▼ 0.41% GMAT3 3.81 ▼ 0.52% PSSA3 46.06 ▲ 0.90% CVCB3 0.86 ▼ 1.15% POSI3 2.97 ▼ 1.98% SLCE3 17.00 ▼ 1.73% NATU3 5.55 ▼ 2.80% BRKM5 2.96 ▼ 1.99% RANI3 8.36 ▼ 4.57% CSNA3 4.43 ▼ 1.34% IBOV 171,347.61 ▼ 0.52% IPC MEX 71,866.30 ▲ 0.66% MERVAL 2,848,945 — — USD/BRL 5.58 ▲ 1.37% USD/MXN 18.64 ▲ 0.56% USD/CLP 983.93 ▲ 1.73% USD/COP 3,300 ▲ 5.77% USD/PEN 3.41 ▲ 0.05% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.43 ▲ 3.52% USD/PYG 6,196 ▲ 1.99% USD/BOB 11.68 ▲ 0.19% USD/DOP 60.46 ▲ 2.41% USD/CRC 445.62 ▲ 1.24% USD/GTQ 7.64 ▲ 2.97% USD/HNL 26.89 ▲ 3.05% USD/NIO 36.62 ▲ 2.53% USD/VES 897.02 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.36% USD/TTD 6.72 ▲ 2.10% EUR/BRL 6.23 ▲ 1.66% BRENT 91.72 ▼ 0.92% WTI 86.20 ▼ 0.75% IRON ORE 161.91 — — COPPER 6.24 ▼ 1.33% GOLD 4,029 ▼ 2.08% SILVER 51.22 ▼ 2.57% SOY 1,227 ▲ 3.76% CORN 449.75 ▲ 2.39% WHEAT 592.25 ▲ 0.72% COFFEE 266.00 ▼ 2.78% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 147.10 ▲ 6.32% COTTON 78.28 ▼ 0.63% COCOA 4,863 ▼ 2.82% BEEF 222.70 ▲ 3.01% CATTLE 326.63 ▼ 0.53% LITHIUM 59.85 ▼ 2.44% PETR4 45.05 ▼ 0.31% VALE3 64.91 ▼ 1.82% ITUB4 41.19 ▼ 1.27% BBDC4 14.31 ▼ 2.52% ABEV3 15.64 ▲ 0.19% BBAS3 16.84 ▼ 1.06% B3SA3 14.41 ▼ 2.96% WEGE3 50.68 ▼ 0.12% PRIO3 59.49 ▲ 0.17% SUZB3 54.72 ▲ 0.96% RENT3 29.72 ▼ 3.60% AZZA3 14.62 ▼ 3.31% CSAN3 2.67 ▼ 3.61% RAIZ4 24.40 ▼ 12.86% PCAR3 2.42 ▼ 0.41% GMAT3 3.81 ▼ 0.52% PSSA3 46.06 ▲ 0.90% CVCB3 0.86 ▼ 1.15% POSI3 2.97 ▼ 1.98% SLCE3 17.00 ▼ 1.73% NATU3 5.55 ▼ 2.80% BRKM5 2.96 ▼ 1.99% RANI3 8.36 ▼ 4.57% CSNA3 4.43 ▼ 1.34%
since 2009
Tuesday, November 10, 2026

Defense Monitor

18 Armies Join US Military Exercises at the 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.

Free daily brief — no card needed
Get every Brazil story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

—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
US Military Exercises Kick Off with Brazil at Panama Canal.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

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.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Exxon takes a first step back to Venezuela”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

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 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

Read More from The Rio Times

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

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.