7 July 2026, 19:43 Brazil: Ibovespa Muted Amid Renewed Middle East Tensions.
The Ibovespa traded little changed near 172,500 on Tuesday on fresh geopolitical escalation between Iran and the US. Oil prices, which had retreated to near pre-conflict levels following the Iran-Israel ceasefire, edged higher after reports of new attacks on vessels in the Strait of Hormuz. The rebound supported Petrobras, which gained more than 0.5%, but also pushed bond yields higher on renewed inflation concerns, limiting gains for financials and the broader market. Major banks traded mixed, with Ita
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