International
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.
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.
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.
International
Joe Biden finishes prostate cancer radiotherapy at Penn Medicine

Former U.S. President Joe Biden completed his prostate cancer radiotherapy on Monday, a condition he has been managing since 2023.
The 82-year-old touched a ceremonial bell at Penn Medicine in Pennsylvania after his final session, according to a video posted on Instagram by his daughter, Ashley Biden. She expressed gratitude to the doctors and nurses for the care her father received during his treatment.
A spokesperson for Biden told ABC News that it is currently unclear whether the former president will need to continue radiotherapy.
Biden’s prostate cancer was detected during a routine check-up. According to his medical team, it was a localized, slow-growing tumor. At the time of diagnosis, doctors indicated a positive prognosis with no signs of metastasis.
Central America
White House targets Nicaragua over human rights and labor violations

The White House is considering imposing new tariffs of up to 100% on Nicaragua or removing the country from the benefits of the CAFTA-DR free trade agreement, the Office of the United States Trade Representative (USTR) reported Monday.
The USTR determined that Nicaragua’s policies under the Ortega-Murillo regime regarding violations of labor and human rights, as well as the dismantling of the rule of law, are “unreasonable” and constitute a burden on commerce.
The resolution follows an investigation that began on December 10, 2024, when the USTR, based on recommendations from the Section 301 Committee and other advisory bodies, started reviewing the practices of Nicaragua’s government. The process included a public hearing and more than 160 comments and testimonies, including evidence of severe human rights abuses that have been forwarded to the U.S. State Department for evaluation and follow-up.
The report published Monday extensively documents how Nicaragua’s authoritarian practices — including the repression of fundamental freedoms — create a high-risk environment for U.S. businesses and investments.
International
Zelenskyy: Meeting with Trump “Positive” Despite Rejected Missile Request

Ukrainian President Volodymyr Zelenskyy described his reportedly tense meeting with U.S. President Donald Trump last week as “positive,” despite failing to secure Tomahawk missiles for Ukraine. He emphasized what he said was the continued U.S. interest in economic cooperation with Kyiv.
Zelenskyy said Trump backed away from the possibility of sending long-range missiles to Ukraine after a phone call with Russian President Vladimir Putin, held just hours before the U.S. and Ukrainian leaders met on Friday.
“In my view, he doesn’t want an escalation with the Russians until he meets with them,” Zelenskyy told reporters Sunday. His remarks were embargoed until Monday morning.
Ukraine is seeking to purchase 25 Patriot air defense systems from U.S. manufacturers using frozen Russian assets and assistance from partners. However, Zelenskyy noted that acquiring all of them will take time due to long production lines. He said he discussed with Trump potential support to accelerate procurement, possibly through European partners.
According to Zelenskyy, Trump stated during their meeting that Russian President Vladimir Putin’s sweeping demands — that Ukraine cede the entire eastern regions of Donetsk and Luhansk — remain unchanged.
Zelenskyy was diplomatic when describing his encounter with Trump, though reports suggest he faced pressure to accept Putin’s terms — a strategy Trump has reportedly maintained since the tense Oval Office confrontation on February 28, when the Ukrainian leader was publicly scolded for not being “grateful enough” for U.S. aid.
Still, Zelenskyy said that since Trump ultimately supported maintaining the current front line, the overall message was “positive” for Ukraine.
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