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
Heat wave puts more than 70 million Americans under alerts as temperatures near 46°C
More than 70 million people remained under heat alerts Monday as an intense heat wave continued across the southern United States, particularly Florida and states along the Mexican border, where temperatures and heat indexes could reach as high as 46 degrees Celsius, according to the National Weather Service (NWS).
Several cities recorded or tied temperature records over the weekend and into Monday, including Miami and Fort Lauderdale in Florida; Laredo, Borger and Austin’s airport in Texas; Atlanta, Georgia; Raleigh and Charlotte, North Carolina; and Memphis, Tennessee.
The NWS warned that the heat wave will continue affecting the southern and southeastern United States, with maximum temperatures expected to remain near 38°C to 40°C for several days. The heat index, which combines temperature and humidity to estimate how hot conditions feel, could reach 46°C.
The extreme heat is also spreading into the Southwest, where temperatures began rising again between Monday and Tuesday. Forecast highs in the region range from about 38°C to 43°C.
Heat alerts remain in effect across Nevada, Arizona and California, including areas in southern Arizona and California near the Mexican border, as authorities warn of the risks posed by prolonged extreme temperatures.
The NWS urged residents to limit outdoor activity, stay hydrated, ensure access to air conditioning or cooling centers, and check on vulnerable friends, neighbors and family members.
The United States is experiencing a summer marked by above-average temperatures and repeated heat waves. One of the most intense episodes occurred during the July 4 weekend, when extreme heat was blamed for roughly 30 deaths.
July was the hottest month ever recorded in the United States since measurements began, with the average temperature across the contiguous country approaching 25°C, according to the National Oceanic and Atmospheric Administration (NOAA).
The combination of extreme heat and drought conditions has also fueled wildfires. Nearly 3 million hectares have burned across the country so far in 2026, making it the largest area affected by wildfires in a decade.
International
Trump warns Iran over nuclear ambitions as U.S.-Iran ceasefire deadline passes
U.S. President Donald Trump reiterated Monday that Iran must never be allowed to obtain a nuclear weapon, as a 60-day deadline set under a memorandum of understanding between Washington and Tehran expired without an agreement to end the conflict in the Middle East.
“The number one goal is, and always will be, that Iran cannot have, in any way or under any circumstances, a nuclear weapon,” Trump wrote in a post on his Truth Social platform.
The memorandum, signed on June 17, called for an “immediate and permanent cessation of military operations on all fronts” as part of a broader negotiation process aimed at ending the conflict. However, the deadline expired Monday without a peace agreement, while both Washington and Tehran continued to maintain their respective positions.
The expiration is largely symbolic, as military clashes resumed during the 60-day period. The Strait of Hormuz also remains blocked, contributing to elevated global oil prices.
Trump escalated his rhetoric toward Tehran last Friday, saying he planned to declare the Strait of Hormuz U.S. territory after defeating Iran.
“After we finish defeating Iran, which is being very badly defeated, very soon I will essentially declare the Strait of Hormuz U.S. territory,” Trump said during a political rally in Long Island, New York. He also claimed that the United States currently controls the passage of vessels through the strategic waterway.
Meanwhile, U.S. Treasury Secretary Scott Bessent said Washington is preparing additional economic measures against Iran that he described as unprecedented.
“Stay tuned for new announcements next week because we are going to implement measures unlike anything ever seen in the history of the economic isolation of a country,” Bessent said.
The Treasury secretary indicated that the measures would form part of a broader “double hit” strategy that could also involve maintaining the blockade of Iranian ports.
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