The Ibovespa edged up to trade around 162,500 on Thursday, as investors continued to monitor escalating geopolitical tensions. The seizure of two Venezuela-linked oil tankers in the Atlantic came alongside news that US Secretary of State Marco Rubio will meet Danish officials next week to discuss Greenland. Petrobras rose 0.3% as oil prices firmed, recovering part of the losses seen over the previous two sessions despite concerns that US efforts to assert control over Venezuelan oil reserves could increase global supply. Vale fell 1.3% as iron ore prices declined. Most banks traded higher, led by Itau (+0.5%), while utilities also advanced, with Axia up 1.3%. Embraer climbed 1.6%, extending gains after reporting 244 aircraft deliveries in 2025, up 18.4% from 2024. Elsewhere, Ambev lost 0.9%, WEG edged slightly higher, and Rede D’Or gained 0.1%.