The Ibovespa lost 0.7% to close at 176,589 on Tuesday after new US attacks on Iran reduced expectations that a peace agreement could be reached soon. The latest strikes renewed uncertainty over when the Strait of Hormuz might reopen, reviving concerns about prolonged inflation and higher-for-longer interest rates, lifting bond yields and pressuring equities. Major banks posted losses, with Itau down 0.8%, Banco do Brasil shedding 2.4%, and Bradesco losing 1.5%. Utilities also traded lower, with Axia down 2%. Vale fell 0.8% as iron ore prices tumbled. Elsewhere, Rede D'Or gained 1.1% after signing an investment agreement with Atlantica, a group formed by two indirect subsidiaries of Bradesco Saude, related to the future construction and operation of a hospital in Rio de Janeiro. Sao Martinho lost 1.5% despite reporting EBITDA above forecasts in Q1 2026.