The Ibovespa staged a late-session recovery to close 0.3% higher at 189,307 on Monday, overcoming an early plunge driven by Middle East warfare. While joint US-Israeli strikes on Iran initially rattled global markets, the Brazilian index was bolstered by a powerful 5% surge in Petrobras as the closure of the Strait of Hormuz sent oil prices soaring. This energy-led rally was supported by Eletrobras, which gained 1.6%, and B3, up 3.5%. However, the broader market remained under pressure as the threat of energy-driven inflation fueled expectations for a more hawkish stance from the BCB. Major banks were mixed to lower, with Ita