The Ibovespa hovered around 172,500 on Tuesday, holding near the flat line amid renewed geopolitical tensions between Iran and the United States. Oil prices, which had retreated to almost pre-conflict levels after the Iran–Israel ceasefire, inched higher following reports of fresh attacks on vessels in the Strait of Hormuz.
The uptick in crude supported Petrobras, whose shares rose more than 0.5%, but also drove bond yields higher on revived inflation concerns, curbing advances in financial stocks and the broader market. Among the major banks, performance was mixed, with Itaú edging higher while Bradesco slipped slightly.
In corporate news, Itaúsa (+0.2%) indicated it may subscribe between R$730 million and R$1.5 billion in Aegea's planned capital increase, designed to bolster the company's capital structure and speed up deleveraging. Vale retreated nearly 1%, weighed down by weaker iron ore prices.
