BRL strengthens and Ibovespa declines amid Brent price drop and new US tariffs

The Brazilian Real (BRL) has strengthened against the USD, primarily driven by a decline in Brent crude prices below $100 per barrel and a general stabilization of global risk sentiment. Concurrently, the Ibovespa index has declined by 1.52%, largely due to the impact of falling oil prices on Petrobras shares and new US trade tariffs. The sustainability of BRL's strength is contingent on continued Brent price trends and the uncertain outcome of potential US-Iran diplomatic talks.