The Ibovespa rose 1.2% to close at 187,367 points on Tuesday following Monday’s holiday, posting broad-based gains. Petrobras rose 2.1% as oil prices surged following attacks on energy infrastructure in Saudi Arabia amid renewed hostilities in the Middle East. Banks also performed well, Bradesco rose 1.8% and Itau advanced 1.2%, as the Focus survey released Tuesday continued to project lower inflation, raising the prospect of further interest-rate cuts. Meanwhile, a BTG/Nexus poll pointed to a technical tie between Flavio Bolsonaro and President Lula in a potential presidential runoff, although Flavio moved into a numerical lead of one percentage point. On Monday, a Quaest poll also showed the two tied at 41% in a second-round scenario. Flavio Bolsonaro is viewed by markets as more fiscally restrictive amid elevated yields and weak business activity. Sabesp gained 1.1% after brokerages raised their price targets following a meeting with the company’s management.