FX.co ★ Ibovespa Slips as Petrobras And Vale Weigh

The Ibovespa slipped slightly on Wednesday, hovering near the 170,500 level as markets recalibrated following a global, tech-driven selloff in the previous session. Petrobras shares retreated more than 1.5%, pressured by a further decline in oil prices amid indications that additional tankers are preparing to transit the Strait of Hormuz. Vale fell nearly 1% amid an internal dispute over the company’s chairmanship. In contrast, major banks advanced as interest-rate futures declined, with Itaú, Bradesco, and Banco do Brasil all gaining more than 0.5%. Geopolitical risk remained elevated, as the United States and Iran issued conflicting statements about the terms of their peace agreement, particularly regarding nuclear inspections and control of the Strait of Hormuz.