Brazil: Petrobras refinery resumes full operations amid potential new US tariffs on Brazil.

SHOTLIST: RIO DE JANEIRO, BRAZIL (JUNE 4, 2026) 1. VARIOUS DRONE SHOTS OF DUQUE DE CAXIAS REFINERY (REDUC) 2. VARIOUS OF OPERATIONS, REFINERY FACILITIES AND INDUSTRIAL STRUCTURES 3. VARIOUS DRONE SHOTS OF SMOKE RISING FROM REFINERY UNITS / FACILITIES AT REFINERY COMPLEXRIO DE JANEIRO, BRAZIL - JUNE 4: The Duque de Caxias Refinery (Reduc), one of Brazil's largest oil refineries operated by Petrobras, resumed full operations in Rio de Janeiro state on Thursday, June 4. The US government announced the possibility of imposing an additional 25% tariff on imports from Brazil, citing concerns over what it described as unfair trade practices. The refinery is part of Petrobras' investment plans in Rio de Janeiro, which include a package valued at approximately R$33 billion. The announcement comes amid broader geopolitical tensions involving the United States and Iran, as discussions continue in Washington over presidential military authority and regional security issues. Last year in July, Trump imposed tariffs on Brazilian goods, with rates reaching 50% on many imports over the prosecution of former President Jair Bolsonaro, a prominent Trump ally.