Brazil’s Petrobras raises fuel prices

AFP

Brazil’s state-owned oil company Petrobras announced Friday it is raising fuel prices, infuriating President Jair Bolsonaro as he faces an inflationary spike and a re-election bid in October.

Painful price increases, especially for food and fuel, have emerged as a key weak spot for the far-right incumbent.

Petrobras, the largest company in Latin America, said it will hike gasoline prices by 5.18 percent and diesel prices by 14.26 percent starting Saturday.

It blamed “a challenging scenario in Brazil and the world,” the latter a reference to the war in Ukraine, which has triggered higher oil prices around the world.

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Brazil has already seen fuel prices surge by over 33 percent in the past year, according to official figures — with the last spike in gasoline and diesel rates coming three months ago.

Bolsonaro reacted angrily saying Petrobras “could sink Brazil in chaos.”

In May, Bolsonaro dismissed the president of Petrobras, who had been in the job for just 40 days, with the country’s energy ministry saying “Brazil is currently experiencing a challenging moment.”

As in many countries of the world, prices are soaring in Brazil. Inflation stands at 11.73 percent, far above the central bank’s target of 3.5 percent.

The bank raised its benchmark interest rate for the 11th straight time on Wednesday as it battles inflation.

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Bolsonaro faces an uphill battle against leftist ex-president Luiz Inacio Lula da Silva (2003-2010), who leads in opinion polls and is remembered for presiding over a booming economy.

That is a sharp contrast to today, with Brazil’s economy struggling to bounce back from the pandemic and now reeling from the inflationary pressures unleashed by Russia’s invasion of Ukraine

U.S. extradites Iranian man over alleged sanctions evasion scheme

The United States has extradited from Panama an Iranian national accused of evading economic sanctions against Iran by illegally exporting U.S. technology. He is scheduled to appear this Monday before a court in Seattle.

Reza Dindar, 44, was extradited on April 17 after being detained in Panama since July 2025 on charges related to export control violations between 2011 and 2012, allegedly carried out through companies based in China.

The defendant appeared before a U.S. district court in Seattle, where he faces charges of violating sanctions imposed by the United States on Iran in 1995 during the administration of Bill Clinton. These sanctions prohibit the unauthorized export, re-export, or supply—directly or indirectly—of U.S. goods, technology, or services to Iran or its government.

According to the indictment, between 2010 and 2014, Dindar led the company New Port Sourcing Solutions in Xi’an, China, which allegedly concealed the procurement of U.S. products for shipment to clients in Iran.

International

Elon Musk skips French court appearance over X investigation

Billionaire Elon Musk did not appear this Monday before French authorities, who had summoned him for a voluntary statement as part of an investigation into his social media platform X, prosecutors told AFP.

The platform has been under investigation since early 2025 following complaints from lawmakers alleging bias in its algorithms, which may have altered its functioning and interfered in politics in France.

The probe has since expanded to include other alleged offenses, such as complicity in the distribution of child sexual abuse material, as well as the role of Grok in spreading denialist content and sexually explicit fake images.

In early February, investigators raided X’s offices in Paris. The company has denied any wrongdoing, describing the searches as “political” and “abusive.”

At that time, the Paris prosecutor’s office summoned Musk and former CEO Linda Yaccarino to provide voluntary testimony as those responsible for the platform during the period under investigation.

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Paris prosecutor Laure Beccuau also stated that X employees were called to testify as witnesses between April 20 and April 24.

International

Four injured in shooting at Teotihuacán archaeological site in Mexico

Four more people were injured by gunfire during the ആക്രമ attack at Teotihuacán, one of the most emblematic archaeological complexes in Mexico, authorities confirmed.

The Secretary of Security of the State of Mexico, Cristóbal Castañeda, reported that the victims include two Colombian nationals, one Russian, and one Canadian. Additionally, two other individuals were injured due to falls, according to a statement from local authorities.

President Claudia Sheinbaum expressed concern over the incident, stating on social media that “what happened today in Teotihuacán deeply pains us.”

Federal authorities recovered a firearm, a knife, and ammunition at the scene, which remains under the protection of state police and the Guardia Nacional, according to the federal Security Cabinet.

Located about 50 kilometers from Mexico City, Teotihuacán is a major tourist destination frequently visited by both domestic and international travelers.