Ibovespa Falls as US-Iran Tensions Lift Oil, Rates; Petrobras Gains

Brazil's Ibovespa fell 0.54% on Wednesday as escalating US-Iran military tensions pushed Brent above $100, driving global risk-off sentiment and higher future interest rates, which pressured domestic stocks. Petrobras gained on higher oil prices, but the broader market declined. The drop reflects a direct market reaction to geopolitical escalation, with S&P 500 futures and Stoxx 600 also down.