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.

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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

Rubio signals possible engagement with Iranian factions amid internal divisions

U.S. Secretary of State Marco Rubio said Monday that Washington is hopeful of engaging with factions within the government of Iran, noting that the United States has received positive private signals.

Speaking to ABC News’ Good Morning America, Rubio suggested that internal divisions exist within the Islamic Republic and expressed confidence that figures with the authority to act could emerge.

“We are hopeful that this will be the case,” Rubio said. “Clearly, there are people there who are communicating with us in ways that those previously in power in Iran did not. This is reflected in some of the steps they appear willing to take.”

Despite this, Rubio maintained a firm stance toward Iran, reiterating that the ongoing conflict seeks to eliminate its capacity to develop nuclear weapons—an objective that President Donald Trump has previously claimed was achieved during a military strike last year.

International

King Charles III to visit the U.S. on first state trip since taking the throne

King Charles III and Queen Camilla will undertake a state visit to the United States on the recommendation of the British government, Buckingham Palace announced on Tuesday, adding that further details will be released at a later date.

The visit aims to highlight the historic ties and current relationship between the United Kingdom and the United States, as both countries prepare to mark the 250th anniversary of American independence in 2026.

The trip is expected to take place at the end of April and follows U.S. President Donald Trump’s visit to the United Kingdom last year, which sought to strengthen bilateral relations.

This will be Charles III’s first state visit to the United States since ascending to the throne in 2022, although he previously traveled there 19 times as Prince of Wales.

By comparison, Queen Elizabeth II made four state visits to the United States—in 1957, 1976, 1991, and 2007—while U.S. presidents have carried out four state visits to the United Kingdom since 1952, in 2003, 2011, 2019, and 2025.

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Following the U.S. trip, the monarch is also expected to travel to Bermuda, marking his first official visit to the territory since becoming head of state.

The visit comes amid tensions between the two countries due to differences between President Trump and British Prime Minister Keir Starmer over the war in Iran. Starmer has reiterated that the United Kingdom will not take part in the conflict, although it will defend its interests and support allies in the Persian Gulf.

Trump has criticized that stance, urging countries not involved in the military campaign to act decisively, stating that “the hardest part is already done.”

The trip also follows a request by U.S. Congressman Ro Khanna, who called on the king to meet privately with victims linked to convicted sex offender Jeffrey Epstein during his stay.

The case has also involved the king’s brother, Prince Andrew, who has faced scrutiny over his past associations with Epstein. The former royal, stripped of his titles and honors, has denied any wrongdoing despite ongoing allegations and investigations.

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International

Leopoldo López thanks Spain for fast-track citizenship but says “I am still Venezuelan”

Venezuelan opposition leader Leopoldo López expressed gratitude on Tuesday to the Government of Spain after being granted Spanish citizenship through an expedited process, following the revocation of his Venezuelan nationality by the administration of Nicolás Maduro.

Speaking in Madrid, López acknowledged the gesture but admitted having mixed emotions. “I am grateful to the Spanish government for granting me citizenship, but I have mixed feelings, as do millions of Venezuelans who have had to leave their country. It is not easy,” he said.

The opposition figure highlighted Spain’s role as a refuge for Venezuelans, while emphasizing that his identity remains unchanged. “Spain has been, for me, my family, and hundreds of thousands of Venezuelans, a homeland away from home. That does not mean we stop being Venezuelan. I am Venezuelan, I carry Venezuela in my heart, and everything I have done has been for Venezuela,” he added.

López requested Spanish nationality after the Venezuelan government stripped him of his citizenship in October, accusing him of promoting a “military invasion,” a move that left him effectively stateless.

Initially, he applied through the standard process in late 2025 but, unable to meet the requirements, later sought nationality through a special mechanism known as “carta de naturaleza,” with the support of Spain’s foreign minister, José Manuel Albares.

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To support his application, López submitted documentation from the Inter-American Court of Human Rights, which determined that he had been a victim of political persecution, arbitrary detention, imprisonment, and other actions by the Venezuelan government.

“For me, this has been a long journey. The persecution by the dictatorship against me began many years ago. I was banned, persecuted, censored, imprisoned, and sentenced to 14 years in prison. I had to escape from Venezuela, from prison,” he said.

Spain’s decision to grant him citizenship through an exceptional procedure was justified by his “very special situation,” including the lack of documentation and legal status.