Market reacted to news about possible ceasefire in the Middle East; Ibovespa closed higher and oil fell abroad
The dollar closed with a slight drop this Thursday (May 21, 2026), amid expectations of a possible agreement between the United States and Iran. Quoted at R$5.001 at the end of the day, the North American currency reached a low of R$4.983, below the level of R$5.
As a result, the dollar accumulates a drop of 1.31% in the week and a decline of 8.89% in 2026. In the month, however, it still registers an increase of 0.98%. Ibovespa, B3’s main index, closed up 0.20%, at 177,709 points.
The US currency fluctuated throughout the day after Saudi broadcaster Al Arabiya announced that Washington and Tehran had reached a preliminary version of an agreement brokered by Pakistan. The text provides for an immediate ceasefire and a commitment to prevent attacks against strategic infrastructure. According to the broadcaster, the official announcement could take place in the next few hours.
The news reduced pressure on emerging currencies and the price of oil. A barrel of Brent, a global reference, fell 2.32%, to US$102.58. WTI, a reference in the United States, fell 1.94%, to US$ 96.35.
In the morning, the market was unstable due to statements that seemed to move away from the possibility of a breakthrough in negotiations on the Iranian nuclear program.
Still this Thursday (May 21st) the supreme leader of Iran,determined that the stock of country is not sent abroad. The information is from Reuters.
In an interview with journalists, the President of the United States, Donald Trump (Republican Party), stated that the US will highly enriched material from Iran and that the material “probably” will be destroyed later.
Trump has said he will not allow Tehran to keep substances that could be used in future nuclear weapons. The Republican also declared that the US does not need the Iranian material and that the objective is to prevent any advancement of the Persian country’s nuclear program.
According to sources heard by Reutersmembers of the Iranian government and Armed Forces For Tehran, giving up the material would reduce its negotiating power vis-à-vis the West.
