Brazilian Oil Stocks Lead Ibovespa Declines as Crude Falls on Trump-Iran De-escalation

Brazilian oil stocks fell sharply on Monday, tracking a drop in crude prices after President Trump said he would likely not order new attacks on Iran while negotiations continue. This marks a de-escalation in the conflict, reducing geopolitical risk premium in oil markets. The move weighs on Brazil's equity index, given the heavy weight of Petrobras and other oil majors.

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