Rio Times · Analysis
Key Facts
—Oil Shock Brent crude fell 12% from its war peak on ceasefire hopes, but the Strait of Hormuz conflict keeps global energy markets on a knife-edge, directly impacting fuel costs across Latin America.
—US Tariffs Hit The Trump administration imposed new tariffs on Brazil, Mexico, and Canada, triggering emergency meetings in Brasília and preparations for reciprocal measures against American goods.
—Freight Delays Global shipping disruption from the Middle East conflict will reach South American ports in four to six weeks, with equipment imbalances and trade diversion already rippling through supply chains.
