Brazil’s Morning Call for Wednesday, March 4, 2026

TODAY’S FOCUS The Reckoning The cushion held exactly one session. Brazil’s unique resilience on Monday — when Petrobras and oil exports insulated the Ibovespa from the initial shock — collapsed on Tuesday as the geopolitical weight of the Strait of Hormuz crisis fully overwhelmed sector tailwinds. The Ibovespa plunged 3.28% to 183,104 on March 3, […]