The Ibovespa climbed nearly 2% to trade above 185,000 on Wednesday after reports hinted at a possible ceasefire in the US-Israel war against Iran, raising hopes for resumed Persian Gulf oil exports. The news pulled down international oil prices, easing energy-driven inflation concerns. Major banks traded higher: Bradesco and Banco do Brasil both up about 2%. Utilities posted gains, with Axia and Sabesp advancing nearly 2%. Other notable performers included Vale up 1.9%, Rede D'Or up 2.7%, and WEG up 3%. In contrast, lower oil prices and easing supply pressures drove Petrobras down over 1%.