The Ibovespa lost over 0.5% to trade below 195,500 on Wednesday amid uncertainty over the US extension of the ceasefire with Iran, as optimism remained subdued despite the pause in hostilities. The Strait of Hormuz remained largely closed, with no signs of renewed US-Iran negotiations, and oil prices rose on reports of gunfire attacks on container ships, fueling fears of energy-driven stagflation and rate hikes. Bond yields climbed, pressuring banks, as concerns over weaker credit demand intensified. Ita