IBOV 167,921.80 ▼ 0.75% IPC MEX 69,779.20 ▼ 0.01% MERVAL 2,848,945 — — USD/BRL5.38▼ 1.04% USD/MXN18.80▲ 0.07% USD/CLP993.12▲ 0.49% USD/COP3,229▲ 1.71% USD/PEN3.47▲ 0.10% USD/ARS1,534▼ 0.10% USD/UYU40.19▲ 3.14% USD/PYG5,965▲ 5.19% USD/BOB12.07▲ 3.75% USD/DOP60.42▲ 0.12% USD/CRC451.45▲ 2.49% USD/GTQ7.64▲ 3.18% USD/HNL26.88▲ 0.49% USD/NIO36.62— 0.00% USD/VES887.03▼ 0.16% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.73% USD/TTD6.71▲ 2.19% EUR/BRL6.08▲ 2.03% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,921.80 ▼ 0.75% IPC MEX 69,779.20 ▼ 0.01% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Supreme Court Justice Toffoli Orders Petrobras to Supply Fuel to Iranian Ships

By · July 26, 2019 · 2 min read

RIO DE JANEIRO, BRAZIL – The presiding Justice of the Federal Supreme Court (STF), Justice Minister Dias Toffoli, ordered Petrobras to supply fuel to two Iranian ships that have been stranded for almost fifty days in the port of Paranaguá, in Paraná State.

Justice Minister Dias Toffoli, President of the Federal Supreme Court.
Justice Dias Toffoli of the Federal Supreme Court.
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The decision was made on Wednesday night, July 24th. In the decision, the Justice factored in “potential damage to primary interests linked to national sovereignty, administrative order, and the economy.”

The controversial refusal to fuel led Iran’s ambassador to Brasília, Seyed Ali Saghaeyan, to issue harsh statements last Wednesday threatening to suspend imports of Brazilian products unless the issue was solved.

In the imbroglio, Eleva, the company in charge of the vessels, had its supply request denied in the lower court, but appealed to the Paraná Appellate Court (TJ-PR) and secured an order for the supply to be carried out within 72 hours under penalty of a fine. The federal government appealed, and the case went to the Supreme Court.

On July 10th, Toffoli suspended the TJ-PR ruling until the Federal Prosecutor Office (PGR) and Petrobras could express their opinion. In a statement sent to the STF last Friday, the PGR opined that Petrobras should not be forced to supply the ships.

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On the same day, Petrobras confirmed that it had not supplied fuel for Iranian ships loaded with corn in the port.

According to the state-owned company, “the Iranian shipping company and the Iranian company that owns the vessels are sanctioned by the United States.” Petrobras claimed that it would be running the risk of being included in the same list were it to supply the ships. Justice Toffoli’s decision ordering the refueling rebutted those claims.

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