Brazil Finance Minister Durigan says we are not announcing a tax reduction on gasoline, but a mechanism discussed in congress to mitigate the impacts of the war in Iran

Brazil's Finance Minister Durigan's comments indicate that while there's no immediate tax reduction on gasoline, there are discussions in congress aimed at mitigating the economic impacts of rising oil prices due to the war in Iran. This mechanism reflects a proactive approach to address energy costs, which could provide some temporary relief for consumers and may influence market sentiments around Brazilian commodities. Watch for potential impacts on the Brazilian real and broader emerging market sentiment as these policies develop.