On Friday, September 13, the Brazilian real experienced a drop of 0.22% against the dollar, trading at R$ 5.2303. This movement comes as the market closely monitors oil prices, which remain elevated near $100, even following temporary approvals by the U.S. to purchase oil from Russia. Additionally, tensions regarding the potential escalation of conflicts involving Iran have heightened inflation concerns, negatively impacting global stock markets.

As of yesterday, oil prices surged approximately 9%, marking their highest level in nearly four years. However, the Brent crude oil price saw a slight retreat of 1.41% early on Friday, trading at $99.09 per barrel. This fluctuation in oil prices is a significant concern for the Brazilian market as it directly impacts inflation and consumer prices, leading to increased volatility in financial markets.

In response to the rising oil prices, the Brazilian federal government has announced a package of measures aimed at mitigating the effects of this increase. The package includes subsidies for diesel importers and producers as well as the exemption of federal taxes PIS and Cofins on fuel, demonstrating a proactive approach to stabilize the economy and minimize the financial burden on consumers due to volatile fuel prices.