4 May 2026, 20:03 Brazil: Ibovespa Slips on Heightened Middle East Tensions.
The Ibovespa traded below 187,000 on Monday, pressured by rising tensions in the Middle East. Oil prices jumped as much as 5% before trimming gains after reports that two missiles struck a US warship, though a senior US official denied the incident. The IRGC Navy released a map designating parts of the Strait of Hormuz under Iranian military control, warning it may act against vessels that breach its rules, raising concerns over shipping security. With the Strait of Hormuz effectively closed, fears of an energy shock sparking global inflation persist. Banks traded weaker, with Ita
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