Economy · Markets
—The signal. Brazil will end its fuel subsidies, including for diesel and gasoline, if oil settles near $80 a barrel, a senior Treasury official said.
—The trigger. The shift follows a deal signalled by the United States with Iran to end the Middle East conflict and reopen shipping lanes.
—The timeline. Most of the measures expire on July 31, and the next thirty days are a window to confirm whether calmer prices hold.
—The cost. The relief package was estimated at around R$10bn ($2bn), meant to be offset by taxes on oil exports.
