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2026.08.2013:40:22UTC+00Ibovespa Falls Amid Higher Oil Prices

The Ibovespa slipped to around 167,500 on Thursday as rising oil prices added to inflation concerns. Crude prices climbed after US President Donald Trump announced a package of measures targeting Iran’s economy. Higher bond yields also pressured the market, weighing on financial stocks. Itaú and B3 each declined 0.5%, while Itaúsa and Banco do Brasil fell nearly 1%.

In commodities, iron ore prices in China closed lower amid persistently weak steel demand, pulling Vale and CSN Mineração down 1% apiece. Steelmakers also retreated, with Gerdau dropping about 5%. Other notable underperformers included Axia, WEG, and Embraer, all down around 1%.

On the positive side, Petrobras advanced 1% on the back of higher oil prices, helping to cushion the index’s overall losses.

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