IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL5.12▲ 0.05% USD/MXN17.51▼ 0.19% USD/CLP927.10▼ 0.06% USD/COP3,287▼ 1.68% USD/PEN3.39▼ 0.18% USD/ARS1,487▼ 0.03% USD/UYU40.30▲ 1.41% USD/PYG6,061▲ 1.64% USD/BOB9.85▲ 1.04% USD/DOP58.47▼ 0.14% USD/CRC450.34▲ 1.59% USD/GTQ7.62▲ 2.23% USD/HNL26.72▲ 1.48% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.73▲ 0.97% EUR/BRL5.85▼ 0.72% BRENT 76.13 ▼ 0.22% WTI 71.92 ▼ 0.22% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.72% GOLD 4,113 ▼ 0.42% SILVER 59.90 ▼ 0.80% SOY 1,174 ▼ 0.53% CORN 448.75 ▲ 4.91% WHEAT 615.00 ▲ 0.61% COFFEE 330.60 ▼ 7.38% SUGAR 14.96 ▼ 1.06% ORANGE JUICE 145.35 ▼ 8.15% COTTON 79.73 ▲ 4.69% COCOA 6,217 ▼ 1.46% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,312 ▲ 1.77% ETH 1,789 ▲ 2.55% SOL 79.12 ▲ 1.38% XRP 1.11 ▲ 1.84% BNB 575.60 ▲ 1.25% ADA 0.17 ▲ 1.14% DOGE 0.07 ▲ 1.94% AVAX 6.74 ▲ 0.85% LINK 7.96 ▲ 2.92% DOT 0.88 ▲ 6.29% LTC 44.47 ▲ 1.61% BCH 245.14 ▲ 3.10% TRX 0.33 ▼ 0.59% XLM 0.19 ▲ 3.73% HBAR 0.07 ▲ 1.31% NEAR 1.94 ▲ 1.02% ATOM 1.59 ▲ 2.33% AAVE 97.67 ▲ 7.03% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 ▲ 3.09% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR16.28▼ 0.27% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,211 ▲ 1.04% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.77▼ 0.38% USD/CNY6.78▼ 0.25% DAX 25,081 ▼ 0.15% CAC 8,328 ▲ 0.01% FTSE 10,472 — 0.00% MIB 52,627 ▲ 0.47% IBEX 19,385 ▲ 0.32% STOXX 640.75 ▼ 0.02% EUR/USD1.14▲ 0.02% GBP/USD1.34▲ 0.14% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 16.02 ▲ 1.14% USD/CAD1.42▼ 0.01% US10Y 4.5390 ▼ 0.66% IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL 5.12 ▲ 0.05% USD/MXN 17.51 ▼ 0.19% USD/CLP 927.10 ▼ 0.06% USD/COP 3,287 ▼ 1.68% USD/PEN 3.39 ▼ 0.18% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.30 ▲ 1.41% USD/PYG 6,061 ▲ 1.64% USD/BOB 9.85 ▲ 1.04% USD/DOP 58.47 ▼ 0.14% USD/CRC 450.34 ▲ 1.74% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.72 ▲ 1.48% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.73 ▲ 0.97% EUR/BRL 5.85 ▼ 0.73% BRENT 76.13 ▼ 0.22% WTI 71.92 ▼ 0.22% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.72% GOLD 4,113 ▼ 0.42% SILVER 59.90 ▼ 0.80% SOY 1,174 ▼ 0.53% CORN 448.75 ▲ 4.91% WHEAT 615.00 ▲ 0.61% COFFEE 330.60 ▼ 7.38% SUGAR 14.96 ▼ 1.06% ORANGE JUICE 145.35 ▼ 8.15% COTTON 79.73 ▲ 4.69% COCOA 6,217 ▼ 1.46% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,312 ▲ 1.77% ETH 1,789 ▲ 2.55% SOL 79.12 ▲ 1.38% XRP 1.11 ▲ 1.84% BNB 575.60 ▲ 1.25% ADA 0.17 ▲ 1.14% DOGE 0.07 ▲ 1.94% AVAX 6.74 ▲ 0.85% LINK 7.96 ▲ 2.92% DOT 0.88 ▲ 6.29% LTC 44.47 ▲ 1.61% BCH 245.14 ▲ 3.10% TRX 0.33 ▼ 0.59% XLM 0.19 ▲ 3.73% HBAR 0.07 ▲ 1.31% NEAR 1.94 ▲ 1.02% ATOM 1.59 ▲ 2.33% AAVE 97.67 ▲ 7.03% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 ▲ 3.09% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR 16.29 ▼ 0.13% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,211 ▲ 1.04% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.82 ▼ 0.33% USD/CNY 6.7757 ▼ 0.23% DAX 25,081 ▼ 0.15% CAC 8,328 ▲ 0.01% FTSE 10,472 — 0.00% MIB 52,627 ▲ 0.47% IBEX 19,385 ▲ 0.32% STOXX 640.75 ▼ 0.02% EUR/USD 1.1431 ▼ 0.03% GBP/USD 1.3410 ▲ 0.04% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 16.02 ▲ 1.14% USD/CAD 1.4169 ▲ 0.02% US10Y 4.5390 ▼ 0.66%
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Friday, July 10, 2026

US Launches Joint Drug War Operations Inside Ecuador

By · March 4, 2026 · 3 min read

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Key Points
US Southern Command announced joint military operations with Ecuadorian forces against designated terrorist organizations on March 3, with operational details classified
The mission is the first announced US ground operation in South America since the January raid that captured Venezuela’s Nicolás Maduro
A parallel operation with Europol dismantled a transnational trafficking network linked to the Los Lobos cartel

American and Ecuadorian military forces launched joint operations against drug trafficking organizations inside Ecuador on Tuesday, US Southern Command announced, marking the first publicly disclosed US ground mission in South America since the capture of Venezuelan president Nicolás Maduro two months ago.

SOUTHCOM said the operations targeted designated terrorist organizations but provided almost no operational detail. Ecuador’s Defense Ministry confirmed participation in what it called an “offensive” and said specifics were classified. A 30-second video released by SOUTHCOM showed soldiers boarding a helicopter, with black-and-white footage consistent with overhead surveillance of ground forces.

From Sea Strikes to Boots on the Ground

The Ecuador operation represents a significant expansion of the Trump administration’s counter-narcotics campaign in Latin America, which until now has focused primarily on strikes against suspected drug-trafficking vessels in the Caribbean and Eastern Pacific. Since September, at least 44 airstrikes on alleged smuggling boats have killed roughly 150 people, according to SOUTHCOM tallies. Moving onto land inside a cooperating sovereign nation marks a qualitative shift in the campaign’s scope and ambition.

US Launches Joint Drug War Operations Inside Ecuador. (Photo Internet reproduction)
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US Army Special Forces appear to be serving in an advisory role, providing intelligence and logistical support while Ecuadorian soldiers conduct the physical operations, according to the New York Times. The scope and expected duration of the mission remain unclear. SOUTHCOM did not respond to follow-up questions beyond its initial announcement.

Ecuador’s Cartel Crisis

President Daniel Noboa had telegraphed the operation a day earlier, announcing on social media that his government would carry out joint operations with the United States and regional allies in March, calling it “a new phase against narco-terrorism and illegal mining.” SOUTHCOM commander General Francis Donovan had visited Quito over the weekend to meet with Noboa and senior Ecuadorian officials.

Ecuador has been engulfed by cartel violence in recent years, with Los Lobos and Los Choneros emerging as the country’s dominant criminal organizations. Both were designated as foreign terrorist organizations by the US State Department in September 2025, providing the legal basis for American military involvement. The groups have been linked to Mexican and Colombian cartels and have turned Ecuador’s Pacific coast into a major cocaine transit corridor.

A Parallel Europol Operation

On the same day, the US Embassy in Ecuador announced the successful conclusion of a separate joint operation with Europol and Ecuadorian authorities that dismantled the Hernán Ruilova Barzola transnational drug trafficking organization, described as linked to Los Lobos. The timing of both announcements suggests a coordinated law enforcement and military push against the cartel’s operational infrastructure on multiple fronts simultaneously.

The Manta Question

US troops returned to Ecuador’s Manta air base in December under what SOUTHCOM described as a short-term mission within existing bilateral agreements. The base had been a major American counter-narcotics hub until Ecuador’s then-president Rafael Correa refused to renew the lease in 2009. Noboa pushed for a referendum last year that would have authorized the return of foreign military bases, but voters rejected it in November. The current deployment operates under a legal framework that avoids the need for a formal basing agreement, though the line between a temporary advisory mission and an enduring military presence may prove difficult to maintain as operations escalate. For Washington, Ecuador offers something rare in the region: a willing partner in a drug war that is rapidly moving from the open ocean onto sovereign territory.

This is part of The Rio Times’ daily coverage of Ecuador news and Latin American financial news.

For more context, read Brazil’s Morning Call and the USD/BRL exchange rate report.

Deep Dive

Ecuador Colombia Crisis 2026: Complete Guide

The full timeline: from the 30% security tariff in January to 100% trade war, border bombings, CAN collapse, and what the May 31 election means for both countries.

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