Why did Latin American assets slide after Trump's announcement about ending the Iran deal?

Latin American assets slid because Trump announced the end of the interim accord to end the war with Iran, which sent oil prices higher and dented global risk sentiment; this triggered a global selloff in risk assets, shifting market attention back to geopolitical risks after weeks of domestic catalysts driving LatAm markets.

Which Latin American oil companies gained amid the broader market decline, and by how much?

Brazil's Petrobras and Colombia's Ecopetrol gained 3% and 4.7%, respectively, cushioning some losses on the Brazilian (.BVSP) and Colombian (.COLCAP) benchmark indexes.

Latin American Assets Slide After Trump Ends Iran Deal, Pushing Oil Higher

Jul 8, 2026

Latin American assets fell after President Trump declared the Iran deal over, sending oil prices up 5%. Energy giants gained, but broader risk sentiment dropped amid inflation worries and geopolitical instability.

reuters

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