The Ibovespa edged lower to trade around 167,500 on Thursday as oil prices rose, increasing inflationary pressures. Crude prices jumped after US President Donald Trump announced a package of measures aimed at hurting Iran’s economy. Bond yields moved higher, weighing on financial stocks and the broader market. Itau and B3 fell 0.5% each, while Itausa and Banco do Brasil shed nearly 1%. Meanwhile, iron ore prices in China closed lower amid persistently weak steel demand, dragging Vale and CSN Mineracao down 1% each. Steelmakers also posted losses, with Gerdau falling about 5%. Other notable laggards included Axia (-1%), WEG (-1%), and Embraer (-1%). In contrast, Petrobras helped limit the index’s losses, rising 1% on higher oil prices.