Ibovespa Falls on US-Iran Tensions

2026-07-08 13:51 By Isabela Couto 1 min. read

The Ibovespa fell more than 0.5% to trade below 171,000 on Wednesday as renewed US-Iran tensions fueled global risk aversion.

US President Trump said the memorandum of understanding with Iran to end the conflict was "over," reviving concerns over potential disruptions to global energy supplies.

Higher oil prices renewed fears of energy-driven inflation and higher interest rates, weighing on financials and the broader index.

Itaú and Itaúsa lost nearly 2%, while Santander, Banco do Brasil, and Bradesco fell about 1%.

Meanwhile, Vale dropped more than 2% after a hearing on the USTR's proposed 25% tariff on Brazilian goods concluded on Tuesday.

The company also announced the immediate resignation of Chairman Daniel Stieler on Monday.

Other major exporters traded lower, with Embraer (-3%), Gerdau (-1%), CSN (-1%), and Minerva (-1%) posting losses.

In contrast, Petrobras gained more than 2.5% on higher oil prices.



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Ibovespa Falls on US-Iran Tensions
The Ibovespa fell more than 0.5% to trade below 171,000 on Wednesday as renewed US-Iran tensions fueled global risk aversion. US President Trump said the memorandum of understanding with Iran to end the conflict was "over," reviving concerns over potential disruptions to global energy supplies. Higher oil prices renewed fears of energy-driven inflation and higher interest rates, weighing on financials and the broader index. Itaú and Itaúsa lost nearly 2%, while Santander, Banco do Brasil, and Bradesco fell about 1%. Meanwhile, Vale dropped more than 2% after a hearing on the USTR's proposed 25% tariff on Brazilian goods concluded on Tuesday. The company also announced the immediate resignation of Chairman Daniel Stieler on Monday. Other major exporters traded lower, with Embraer (-3%), Gerdau (-1%), CSN (-1%), and Minerva (-1%) posting losses. In contrast, Petrobras gained more than 2.5% on higher oil prices.
2026-07-08
Ibovespa Falls on Renewed US-Iran Tensions
The Ibovespa fell 0.2% to close at 172,021 on Tuesday as renewed tensions between the US and Iran lifted oil prices and bond yields. Reports that the US would revoke the waiver allowing Iran to sell its oil, following recent attacks on tankers in the Strait of Hormuz, fueled concerns over energy-driven inflation and higher borrowing costs. Financial stocks traded mostly lower, with Bradesco down 0.6%. Separately, Itaúsa (+0.2%) said it could subscribe between BRL 730 million and BRL 1.5 billion in Aegea's proposed capital increase. Vale fell 2% on lower iron ore prices, while WEG (-0.8%), Ambev (-1.7%), and Embraer (-1.1%) also declined. In contrast, Petrobras rose 1.8% as oil prices jumped.
2026-07-07
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 Itaú edging up and Bradesco slightly lower. Separately, Itaúsa (+0.2%) said it could subscribe between R$730 million and R$1.5 billion in Aegea's proposed capital increase, aimed at strengthening its capital structure and accelerating deleveraging. Vale fell nearly 1% on lower iron ore prices.
2026-07-07