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Brazil created 255,321 jobs in February 2026, up from 112,334 net payrolls in January and the highest since February 2025. There were 2,381,767 hires and 2,126,446 layoffs. By sector, all five major activity groups posted gains: services up 177,953, general industry up 32,027, construction up 31,099, agriculture up 8,123, and commerce up 6,127. By region, all five Brazilian regions showed positive balances, with the Mid-West recording the highest percentage increase at 0.89%. By state, 24 of 27 posted gains, led by São Paulo up 95,896 (0.66%), Rio Grande do Sul up 24,392 (0.84%), and Minas Gerais up 22,874 (0.46%). By demographics, women accounted for 155,064 new jobs and men for 100,257. People aged 18–24 led with 116,925 jobs. Those with high school education gained 162,295 positions. People earning 1–1.5 minimum salaries added 169,007 jobs.

Brazil Posts Strongest Monthly Job Gains in a Year

US gasoline futures retreated past $3.2 per gallon on Tuesday as a historic 30% monthly surge cooled following a significant diplomatic opening from Tehran. The price retreat was triggered by Iranian President Masoud Pezeshkian expressing a readiness to end regional hostilities provided that Western powers offer essential guarantees and reparations. This shift in rhetoric matches recent attempts by President Trump to de-escalate the conflict and potentially restore tanker traffic through the Strait of Hormuz where roughly 20% of global oil flows have remained disrupted throughout March. While the prospect of restored supply pressured energy benchmarks the modest nature of the decline reflects deep market skepticism fueled by the recent damage to the Al-Salmi tanker and the continued movement of US troops to the Middle East. Despite the daily dip gasoline remains on track for its largest monthly gain on record amid the broader supply shock from the nearly total closure of key corridors.

Gasoline Retreats After Hopes for War Resolution

Heating oil futures retreated past $4.1 per gallon trimming a historic monthly surge that peaked near $4.70 as new diplomatic overtures from Tehran tempered immediate supply fears. The pullback followed remarks from Iranian President Masoud Pezeshkian, who stated a conditional readiness to end regional hostilities provided that Western powers offer essential guarantees against future aggression. This shift in rhetoric matches recent attempts by President Trump to de-escalate the conflict and restore tanker traffic through the Strait of Hormuz, where roughly 20% of global oil flows have remained disrupted throughout March. While the prospect of restored supply pressured energy benchmarks, the modest nature of the decline reflects deep market skepticism fueled by the damage to regional infrastructure and the continued movement of US troops to the Middle East. Despite the daily dip, heating oil remains on track for a record monthly gain of over 40%.

Heating Oil Retreats Amid Diplomatic Hopes

Brent crude oil prices fell to the $105 per barrel mark on Tuesday, trimming the surge that topped at $108 today after the Iranian President stated he is ready to end the war if Iranian conditions are met. The rhetoric matched US President Trump's de-escalation attempts after suspending attacks on the country, potentially aiding an eventual restart of tanker flows from major GCC oil producers in the Strait of Hormuz. While hopes of restored supply limited the pressure in crude prices, the small magnitude of the pullback reflected skepticism of imminent peace due to the rigidity of Iran's previous demands and the movement of US troops to the Middle East, risking escalation. Global oil prices were due to gain around 40% in March, peaking at their highest since 2022 as the outbreak of the war halted supplies from the region and damaged energy infrastructure in key OPEC members.

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