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Brazil’s Petrobras hikes prices, ignoring Bolsonaro

AFP

Brazilian state-run oil company Petrobras announced hefty increases in gasoline and diesel prices Thursday in response to the Ukraine crisis, ignoring President Jair Bolsonaro’s criticism of what he calls excessive prices.

Petrobras said it would raise the price of gasoline from its refineries by 18.8 percent and diesel by 24.9 percent from Friday, citing the “worldwide surge in the prices of oil and oil derivatives as a result of the war between Russia and Ukraine.”

The company said the move was in line with increases by other fuel suppliers, and emphasized that it had not raised prices in nearly two months.

But the move will likely irk the far-right president, who has been trying to rein in surging fuel prices and inflation more broadly, phenomena which are hurting his popularity as he gears up to seek reelection in October.

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Bolsonaro, who regularly criticizes Petrobras for high prices, said Monday the company’s policy of parity with international prices “cannot continue.”

Petrobras shares dove more than seven percent following the comment.

That echoed a stock plunge of more than 20 percent just over a year ago, when Bolsonaro changed Petrobras’s chief executive after saying the company should not be constantly “surprising people” with price increases.

Bolsonaro is pushing for Congress to pass legislation to bring fuel prices down, though experts say the short-term impact would be minimal.

He is also reportedly looking at decreeing emergency subsidies to lower prices.

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Both measures are unpopular with fiscal conservatives.

Surging prices in Brazil, where the annual inflation rate stands at 10.38 percent, are a weak spot for Bolsonaro as he eyes a tough reelection battle in seven months, likely against leftist ex-president Luiz Inacio Lula da Silva.

The international oil market has been rocked by volatility since Russia invaded Ukraine two weeks ago.

The Brent crude price hit a peak of $139 a barrel Monday, a 14-year high, before falling to around $116 Thursday.

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International

U.S. to suspend visa processing for applicants from 75 countries

The United States announced on Wednesday that it will suspend visa processing for applicants from 75 nationalities, marking another move by President Donald Trump’s administration to curb the entry of migrants into the country.

“ The United States is freezing the processing of all visas for 75 countries, including Somalia, Russia and Iran,” White House Press Secretary Karoline Leavitt wrote on X. According to Fox News, the measure will take effect on January 21 and will remain in force indefinitely.

Based on an internal State Department memorandum obtained by Fox News Digital, consular officers have been instructed to deny visa applications under existing law while the agency conducts an in-depth review of screening and vetting procedures. The stated goal is to tighten criteria to prevent the entry of foreigners who could eventually rely on public assistance.

The list of affected countries includes several nations in Latin America and the Caribbean, as well as Afghanistan, Russia, Iran, Iraq, Egypt, Nigeria, Thailand, Somalia and Yemen, among others. Fox News reported that exemptions to the suspension will be “very limited” and will only be granted once applicants pass an assessment related to the public charge requirement.

Other countries in the Americas subject to the suspension include Antigua and Barbuda, the Bahamas, Barbados, Belize, Cuba, Dominica, Grenada, Guatemala, Haiti, Jamaica, Nicaragua, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

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The decision is based on a strict interpretation of the so-called “public charge” clause of U.S. immigration law. A cable sent to U.S. consulates worldwide in November 2025 had already signaled the shift, instructing officials to apply tougher standards when evaluating applicants, taking into account factors such as age, health status, English proficiency, financial situation, history of public assistance, and even the potential need for long-term medical care.

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International

Peruvian Court Orders Definitive Dismissal of Money Laundering Case Against Keiko Fujimori

A court of Peru’s National Superior Court of Specialized Criminal Justice ordered the definitive dismissal of the criminal proceedings for alleged money laundering and criminal organization against presidential candidate Keiko Fujimori, authorities reported on Tuesday, January 13, 2026.

The ruling was issued by the Tenth National Preparatory Investigation Court in compliance with a previous decision by the Constitutional Court (TC). The decision was confirmed by Fujimori’s attorney, Giuliana Loza, who said on social media platform X that “there was no money laundering nor criminal organization.”

According to the defense, the case was closed for lacking legal grounds and for violating due process. “The proceedings concluded because they lacked a legal basis and constituted clear prosecutorial persecution,” Loza stated.

Judge Wilson Verastegui, whose ruling was reported by local media, said the Constitutional Court determined that the facts alleged in the so-called ‘Cocktails Case’ do not constitute a criminal offense under the principle of legality. The court noted that the crime of illegal financing of political organizations was not in force at the time the alleged acts occurred.

The dismissal also applies to other leaders of the Fuerza Popular party, including Pier Figari, Ana Rosa Herz, Jaime Yoshiyama and José Chlimper, as well as the party itself.

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Keiko Fujimori, daughter of former president Alberto Fujimori (1990–2000), had been under investigation for the alleged irregular financing of her 2011 and 2016 presidential campaigns, a case that exposed her to a possible 30-year prison sentence. However, one year ago the National Superior Court annulled the trial and returned the case to the intermediate stage.

Fujimori is currently pursuing her fourth presidential bid, ahead of Peru’s general elections scheduled for April.

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International

Colombian Defense Chief Meets U.S. Officials to Advance Bilateral Narcotics Strategy

Colombia’s Minister of Defense, Pedro Sánchez Suárez, is in the United States this Tuesday and Wednesday to discuss bilateral cooperation in the fight against drug trafficking, Colombian officials said, in a visit that comes as ties between Bogotá and Washington begin to ease after a period of diplomatic tension.

The trip is seen as a prelude to a scheduled visit by Colombian President Gustavo Petro to Washington, where he is expected to meet U.S. President Donald Trump for the first time in early February. Sánchez will remain in Washington through Wednesday, according to Colombian government sources.

During his stay, Sánchez is slated to meet with senior U.S. officials, including representatives from the Department of Defense, members of the U.S. Senate, and White House advisors, to outline a joint strategy to “defeat drug trafficking” and expand cooperation on intelligence against transnational crime.

According to a statement from the Colombian Defense Ministry, the agenda will include strengthening collaboration on technology, intelligence sharing, and efforts to disrupt criminal networks that operate across borders. Officials said the discussions will also help set the stage for Petro’s upcoming talks with Trump.

The visit follows a period of strained U.S.–Colombia relations last year, when Washington revoked Petro’s visa and withdrew Colombia’s certification as a key partner in anti-drug efforts — moves that coincided with disagreements over counter-narcotics strategy and broader diplomatic frictions. However, a recent phone call between Petro and Trump, described as cordial by officials, helped lower tensions and reopened channels for dialogue ahead of the presidential meeting.

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