Ibovespa Futures Slide as Oil Rises on Iran Standoff; Lula Widens Poll Lead

Brazilian equity futures fell as rising oil prices, driven by an Iran standoff, weighed on risk sentiment. A BTG/Nexus poll showed President Lula widening his lead over Senator Flávio, adding political uncertainty ahead of elections. The market impact is mixed: oil-driven inflation concerns and geopolitical risk pressure equities, while the poll may influence political risk premium.