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The Ibovespa fell 0.9% to close at 185,501 on Monday amid a rebound in oil prices and persistent political uncertainty. Oil prices rose after Saudi Arabia shut down a crucial pipeline that bypasses the Strait of Hormuz. A diplomatic meeting between Iran and Gulf Arab states to discuss the situation in Hormuz, originall
The Ibovespa dropped roughly 1% to trade below 185,500 amid an oil price rebound and ongoing political uncertainty, with financials and utilities mostly lower.