International
Board of Brazil’s Petrobras elects Lula ally as new president
January 26 | By AFP |
The board of directors of Petrobras on Thursday appointed Jean Paul Prates, an ally of President Luiz Inacio Lula da Silva, as head of the state oil company.
Prates, a 54-year-old lawyer and economist, was previously a senator in northeastern Rio Grande do Norte state and a member of Lula’s Workers’ Party.
Lula described Prates as a specialist in the energy sector when nominating him for the job on Twitter last month.
In a statement confirming the appointment, the Petrobras board said Prates had been chosen unanimously.
Prates has 30 years experience in the oil, natural gas, biofuels and renewable energy sectors.
“I have been given the mission of managing Petrobras in the coming years,” Prates said.
He added that he was “honored to lead a company that is the heritage of all Brazilians.”
Petrobras is the flagship of Brazilian industry. It is the largest company in the South American country but was at the center of the wide-ranging “Operation Car Wash” corruption scandal.
As part of the graft investigation, Lula was himself convicted of accepting a bribe and spent 18 months in jail before a judge annulled his conviction.
Petrobras went through some turbulent years during the presidency of Lula’s predecessor, Jair Bolsonaro.
The company went through four different CEOs during that period due major disagreements over Petrobras’s oil pricing policies.
Bolsonaro even went so far as to accuse Petrobras of theft over its price hikes.
The company sets prices based on the standard international rate for a barrel of oil.
The position of Petrobras chief executive is one that comes with great exposure to political pressure.
In its 68 years of existence, the company has had 39 CEOs, meaning they have lasted on average less than two years.
The markets have expressed fears that Prates could change the company’s pricing policies and that under Lula’s socialist government there will be greater interference in the running of state companies.
The Brazilian state owns 50.26 percent of Petrobras’s capital and Lula has ruled out privatizing the company.
International
U.S. classifies CV and PCC as terrorist groups in major policy shift
The United States government announced on Thursday that it will add the Brazilian criminal organizations Comando Vermelho (CV) and Primeiro Comando da Capital (PCC) to its list of Foreign Terrorist Organizations (FTO), a designation set to take effect on June 5, 2026.
The State Department justified the decision by stating that both groups are among the most powerful criminal organizations in Brazil and accused them of coordinating violent attacks against police officers, public officials, and civilians.
The designation comes just days after Brazilian senator and presidential hopeful Flávio Bolsonaro directly asked U.S. President Donald Trump to classify these groups as “narco-terrorist” organizations during a visit to the White House.
Bolsonaro, who is running in Brazil’s upcoming presidential election in October, has made tougher action against organized crime and prison-based gangs a central part of his campaign platform.
He is part of a political dispute with current Brazilian President Luiz Inácio Lula da Silva, who has opposed the U.S. classification, warning it could open the door to potential foreign military intervention in Brazilian territory.
The Comando Vermelho and Primeiro Comando da Capital emerged in Brazilian prisons during the 1970s and have since expanded their influence, now controlling extensive criminal activities including drug trafficking, extortion, smuggling, and other illicit operations.
According to security experts and Brazilian authorities, both organizations have tens of thousands of members and support networks spread across multiple states in the country.
The U.S. measure aims to increase financial and operational pressure on these groups by restricting funding sources, limiting international mobility, and expanding cooperation in security enforcement efforts.
International
U.S.–Iran pre-agreement aims to de-escalate tensions and secure key trade route
The United States confirmed on Thursday that its negotiators have reached a preliminary agreement with Iran aimed at reopening the Strait of Hormuz and extending the current ceasefire, though the understanding still requires final approval from U.S. President Donald Trump.
U.S. government sources confirmed information first reported exclusively by Axios, stating that the deal now only awaits the president’s endorsement.
According to Axios, citing two senior U.S. officials, the draft agreement stipulates that navigation through the Strait of Hormuz—previously blocked by Iran in response to U.S. and Israeli military actions—would be “unrestricted.”
The agreement reportedly includes provisions under which Iran would not impose transit fees in the strategic waterway, a critical route for global oil shipments. In parallel, the United States would lift maritime restrictions on vessels entering and leaving Iranian ports.
The memorandum of understanding also contains a commitment from Iran not to develop nuclear weapons, a key red line for President Trump. However, discussions on limiting Iran’s uranium enrichment would be postponed to later negotiations.
These issues are expected to be addressed during a 60-day extension of the ceasefire, which has been in place since April.
In addition, the United States would consider easing sanctions on Iran and releasing frozen Iranian assets as part of the broader diplomatic framework.
Negotiations between Washington and Tehran have intensified over the past week with mediation from Pakistan, as both sides seek to formally end the conflict that began on February 28 involving the United States and Israel.
The White House has recently stated that a deal was “a matter of days away,” while Tehran has tempered expectations, suggesting that an agreement is not yet imminent.
International
Interpol Operation Leads to 8,700 Arrests and Massive Drug Seizures Across Latin America
Interpol and the Organization of American States (OAS) announced the arrest of more than 8,700 people and the seizure of over 3,300 firearms and 56 tons of illegal drugs across 20 countries in Central America, South America, and the Caribbean following a six-week multinational security operation.
According to a statement released by the OAS, the operation — known as Operation Orca XI — was carried out between October 15 and November 30, 2025, under the coordination of Interpol, with support from the OAS and funding from the European Union.
The operation resulted in 8,701 arrests linked to illegal firearm possession, drug trafficking, and other criminal activities. Authorities also confiscated nearly 200,000 rounds of ammunition, $256,025 in cash, and 210 vehicles connected to criminal operations.
Participating countries additionally reported the seizure of 6.9 tons of cocaine, 659,403 coca plants, 9.3 tons of coca paste, 38.5 tons of marijuana, two tons of methamphetamine, and 11 kilograms of ketamine.
In its statement, the OAS emphasized that illegal arms trafficking in the region is closely tied to other forms of organized crime, including drug trafficking, human trafficking, migrant smuggling, and cybercrime.
“Criminal organizations behind these crimes often use the same routes for multiple illicit goods,” the organization stated, adding that Operation Orca XI exposed the strong links between these criminal networks.
U.S. classifies CV and PCC as terrorist groups in major policy shift
U.S.–Iran pre-agreement aims to de-escalate tensions and secure key trade route
Interpol Operation Leads to 8,700 Arrests and Massive Drug Seizures Across Latin America
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