International
Petrobras shares fall after Bolsonaro fires its boss
AFP
The price of shares in Brazil’s state oil giant Petrobras fell Tuesday in reaction to President Jair Bolsonaro firing its boss after only 40 days on the job.
Bolsonaro dismissed Petrobras CEO Jose Mauro Coelho on Monday in a tug-of-war over rising fuel prices, which are set by Petrobras but tied to international market movement.
Petrobras shares lost more than four percent in afternoon trade on the Sao Paulo Stock Exchange, before recovering somewhat to 2.85 percent lower than Monday’s worth.
The movement reflects investor concerns of a possible intervention by the State, the main shareholder in Petrobras, in its autonomous pricing decisions.
Coelho took over last month for what should have been a one-year term. He became the company’s third CEO in just over a year after Bolsonaro also fired his predecessors.
Fuel prices in Brazil have risen more than 33 percent in the past year, according to official figures, driving annual inflation of more than 12 percent and hurting Brazilians’ wallets in an election year.
The far-right Bolsonaro trails leftist ex-president Luiz Inacio Lula da Silva in opinion polls ahead of elections in October.
Brazil’s Ministry of Mines and Energy announced Coelho’s dismissal, saying the country was “experiencing a challenging moment, due to the effects of the extreme volatility of hydrocarbons in international markets.”
The government has proposed for Coelho to be replaced by Caio Mario Paes de Andrade, an official in the Economy Ministry.
He must be confirmed by the company’s board of directors.
Earlier this month, Bolsonaro also replaced his longtime energy minister, Bento Albuquerque, days after Petrobras reported record quarterly profits.
Bolsonaro said those profits amounted to “rape,” and called on Albuquerque and Coelho to stop Petrobras from raising prices.
Petrobras went on to hike diesel prices by an additional 8.9 percent.
International
Former Trump allies call for removal, cite 25th Amendment amid Iran threats
International
Trump pauses strikes on Iran, extends ultimatum by two weeks
The president of the United States, Donald Trump, announced a temporary suspension of attacks against Iran for a period of two weeks, extending the ultimatum he had imposed on Tehran just hours before its deadline.
According to the president, the measure is conditional on Iran allowing the “full, immediate, and secure” reopening of the Strait of Hormuz. Trump stated that the decision would involve a reciprocal ceasefire between both parties.
The announcement was made through a message on his social media platform, where he emphasized that the pause in military actions is intended to create space for de-escalation in the region.
He also noted that the decision followed a conversation with the prime minister of Pakistan, Shehbaz Sharif, who requested a two-week extension of the ultimatum.
The move comes amid heightened global tensions, marked by escalating threats and concerns over the potential impact of the conflict on key international energy trade routes.
International
WHO worker killed as Israeli forces fire on Gaza medical convoy
An employee of the World Health Organization (WHO) was killed on Monday in Gaza Strip after Israeli forces opened fire on a medical convoy transporting patients for evacuation, according to witnesses and official accounts.
The Israel Defense Forces (IDF) said the vehicle approached troops in a “threatening manner,” alleging that the driver accelerated toward soldiers despite warning shots. “The troops fired warning shots. The vehicle continued advancing, and additional fire was directed at it,” the military said in a statement.
The army also claimed the vehicle lacked clear markings and was therefore treated as a potential threat.
However, survivors disputed that account. Raed Aslan, a passenger in the convoy, told reporters in Khan Younis that the vehicles were clearly marked with WHO insignia. “The vehicle was clearly identified as belonging to the WHO,” he said, adding that an Israeli tank blocked the road and fired at the driver despite the route being empty.
The convoy was transporting patients to the Rafah crossing, the only exit point available for medical evacuations abroad, as Israel does not permit transfers to Jerusalem or the West Bank.
The incident adds to a series of controversial cases involving Israeli military actions against humanitarian convoys. In April 2024, seven workers from World Central Kitchen were killed in an Israeli strike in Deir al-Balah. The military initially cited a “misidentification,” despite the vehicles being clearly marked.
Similarly, in March 2025, 15 paramedics, rescuers, and a UN worker were killed near Rafah. Israeli authorities first claimed emergency lights were off, but video evidence later contradicted that assertion.
A subsequent investigation by organizations including Forensic Architecture found that Israeli forces fired hundreds of rounds at the convoy, and that the vehicles were later destroyed and buried along with the bodies before being recovered days later.
The latest incident is likely to intensify scrutiny over the conduct of military operations in Gaza, particularly regarding the safety of humanitarian personnel and medical evacuations.
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