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President Lula presents fuel tax cut bill to Brazilian Congress amid rising oil prices.
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Government sends Congress bill to cut taxes on fuels

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President Lula's government presented a bill to Congress on April 23, 2026, allowing PIS/Cofins cuts on gasoline, ethanol, diesel, and biodiesel using extraordinary oil revenues. The measure addresses a 61% rise in gasoline import costs driven by the war in Iran, per ANP data. Officials state the cuts will be partial and temporary, possibly for two months.

Joachim Rukwied sees German agriculture under pressure from the Iran War. The president of the German Farmers' Association warns of rising prices and low stocks of fertilizers.

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Governments in Asia, the top oil-importing region, are seeking alternatives to shield economies from the energy crisis triggered by the Iran war. The Asian Development Bank cut its growth forecast for developing Asia to 4.7% this year. Oil imports to the region plunged 30% in April.

Service members are contacting exit hotlines in unprecedented numbers amid the US-Israeli war against Iran and Trump administration policies. Organizations like the Center on Conscience and War report more than 80 new clients in March alone, nearly double their annual average. Calls cite ethical concerns, including a US bombing that killed 165 civilians at a girls' school.

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Republicans who control Congress are preparing for a contentious debate over how to pay for the U.S. military campaign against Iran, as independent estimates put the conflict’s cost to date near $30 billion and lawmakers warn the 1973 War Powers Resolution’s 60-day clock is approaching.

Maryland Gov. Wes Moore called President Donald Trump's remarks on Medicare and other entitlements 'nonsense,' arguing states cannot replace federal funding. Moore spoke on CBS' 'Face the Nation' Sunday, responding to Trump's Wednesday statement at a White House Easter luncheon prioritizing military spending over health care. The criticism comes as Trump's Iran war remains unpopular and his administration faces political challenges.

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Brazil's ANP released on Thursday (2) a list of five companies that joined the first phase of the diesel subsidy program, excluding major distributors Vibra, Ipiranga, and Raízen. President Luiz Inácio Lula da Silva's government is discussing technical adjustments to attract them, as they handle half of private imports. The program aims to cushion the war in Iran's effects on fuel prices.

 

 

 

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