The Ibovespa plunged 3.3% to close at 183,104 on Tuesday as a global flight from risk intensified following the death of Iran’s Supreme Leader and strikes on Gulf energy hubs. The index dived nearly 5% intraday before paring losses after President Trump’s pledge of naval escorts for tankers in the Strait of Hormuz pulled oil prices off their daily peaks. Despite this reversal, the threat of an energy-driven inflationary shock weighed heavily on the BCB’s rate-cut outlook, hammering interest-sensitive sectors. Major banks led the rout, with Ita