Brazil Delays Fuel Subsidy Decision as Middle East Tensions Lift Oil Prices
Brazil has postponed a decision on removing a gasoline subsidy until next week, Finance Minister Dario Durigan said, citing rising oil prices linked to the U.S.-Israeli war against Iran. Durigan also announced an imminent increase in the ethanol content of gasoline to 32% from 30% and reiterated a desire to raise the biodiesel blend in diesel this …