The Ibovespa edged up to trade above 196,000 on Monday, boosted by gains in energy and utilities. The energy sector was lifted by a sharp rebound in oil prices, triggered by renewed tensions after the US seized an Iranian cargo ship and Iran reasserted control over the Strait of Hormuz. In utilities, Axia gained more than 1.5% and Sabesp rose over 2%. In contrast, major banks declined as the oil surge reignited stagflation fears, pressuring the outlook for banks due to elevated rates and low credit demand. Bradesco lost near 1% and Ita