Ibovespa reverses to close higher on US-Iran deal hopes

Brazil's Ibovespa index closed higher after a volatile session, reversing early losses as US President Trump signaled a potential deal with Iran, boosting global risk appetite. This follows his earlier UN threat to 'annihilate' Iran, creating a sharp intraday sentiment shift. The move underscores how geopolitical headlines are driving short-term equity flows in emerging markets.