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FORMER BRAZILIAN PRESIDENT FERNANDO COLLOR DE MELLO SENTENCED TO PRISON FOR CORRUPTION

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Former Brazilian President Fernando Collor de Mello has been taken into custody following a ruling by the country’s top court that confirmed his prison sentence for corruption and money laundering. The decision marks another chapter in Brazil’s ongoing struggle with political corruption at the highest levels of government.

Collor, 75, was sentenced to nearly nine years in prison for accepting illicit payments to facilitate contracts between a construction firm and BR Distribuidora, a former subsidiary of the state-run oil giant Petrobras. Prosecutors alleged that Collor used his political influence to secure deals in exchange for financial kickbacks.

The Supreme Federal Court rejected Collor’s final attempt to overturn the arrest order, clearing the way for law enforcement to detain him. Collor was arrested in Brazil’s northeastern region, according to a police source.

This is not Collor’s first brush with controversy. He was forced to resign as president in 1992 amid a massive corruption scandal that led Congress to initiate impeachment proceedings. Collor’s conviction adds him to a growing list of Brazilian presidents who have faced legal trouble in recent decades.

Four out of seven presidents who have governed Brazil since the end of the military dictatorship in 1985 have now been impeached, convicted, or jailed. Another former president, Jair Bolsonaro, is facing trial over allegations of orchestrating a coup attempt following his loss in the 2022 presidential election.

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ISRAELI DRONE STRIKE KILLS DOZENS OF IRANIAN SECURITY PERSONNEL IN TEHRAN, REPORTS SAY

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Iranian media reported an unusual Israeli drone attack in Tehran on Wednesday night, with the semiofficial Fars news agency saying Israeli drones struck security checkpoints at several locations across the capital. Fars, which is affiliated with the regime, said explosions and clashes were reported at multiple points in Tehran and that about 10 security personnel were killed, including members of Iran’s security forces and the Basij, the militia linked to the Islamic Revolutionary Guard Corps.

Other sources, however, said the toll among regime operatives was significantly higher, claiming dozens of Basij members were killed within minutes. “This operation is a joint effort by the Mossad and monarchist elements to infiltrate terrorists and sabotage the country. This operation will fail,” a knowledgeable source was quoted as saying in the statement carried by the agency aligned with the mullah regime.

Fearing unrest, the regime’s Basij forces set up checkpoints on major streets to restrict civilian movement across Tehran. The drone attack was intended to signal to regime opponents that its internal security forces are vulnerable, while also instilling a sense of fear among Basij operatives in the hope they would be deterred from carrying out similar actions against civilians later on.

Before the reported attack, Reza Pahlavi, the son of Iran’s former shah, called on his supporters to stay home. “We are at a very critical stage in our final struggle. For your safety, leave the streets and remain in your homes,” Pahlavi said in a recorded statement. “Continue to strike and not go to work,” he added. “Continue singing loudly at night to show your solidarity. To the army and law enforcement forces: this is your last opportunity to separate yourselves from the forces of repression and join the people.”

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Prime Minister Benjamin Netanyahu also addressed the Iranian public. “In the coming days, we will create the conditions for you to take your fate into your own hands. Your dreams will create reality. When the right time comes—and it is approaching quickly—we will pass the torch to you,” he said.

Earlier Wednesday, the IDF announced that dozens of Israeli Air Force fighter jets, guided by military intelligence, had completed large waves of strikes against Iranian regime infrastructure in Tehran and other areas of Iran. According to the military, aircraft carrying out the strike missions identified personnel at an IRGC headquarters in the heart of Tehran and, within seconds, fighter jets struck the site, killing those inside. The operation also targeted headquarters and bases belonging to Iran’s internal security forces and the Basij, along with the regime’s intelligence headquarters.

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BELGIAN AUTHORITIES CONDEMN EXPLOSION OUTSIDE LIEGE SYNAGOGUE AS ACT OF ANTI-SEMITISM

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Authorities in Belgium have condemned an early-morning explosion outside a synagogue in the city of Liège as a serious act of anti-Semitism.

The blast occurred shortly before 4 a.m. on Monday outside the synagogue in Liège. No injuries were reported, though windows in buildings opposite the synagogue were damaged.

Police closed the street and established a security perimeter while the investigation continues.

Liège Mayor Willy Demeyer strongly condemned the incident, describing it as an extremely violent act of anti-Semitism. The mayor and the city council express their total condemnation of this extremely violent act of anti-Semitism, which is contrary to the Liège tradition of respect for others, Demeyer said, according to the Belga news agency.

He also warned against bringing international conflicts into the city, referring to the ongoing war involving Israel, the U.S. and Iran.

Yves Oschinsky, president of the Committee of Jewish Organizations in Belgium, described the blast as an extremely disturbing, serious and worrying anti-Semitic act.

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ASIAN MARKETS PLUNGE AS OIL SOARS 30 PERCENT ON MIDDLE EAST WAR FEARS

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Asian stock markets dropped Monday as oil prices soared 30 per cent on fears about supplies from the Middle East, as the US-Israeli war against Iran continued into a second week with no sign of letting up.

Investors, already spooked by concerns over extended tech valuations and the huge spending on AI, ran for the hills as crude rocketed to its highest level since the Russian invasion of Ukraine in 2022.

Fears grew that the Middle East conflict could last for some time after US President Donald Trump said only the unconditional surrender of Iran would end the war. He added at the weekend that the spike in prices was a small price to pay to eliminate Irans nuclear threat, reiterating the White Houses insistence that the rise is temporary.

Both main contracts, which had surged more than a quarter last week, spiked as Iran carried out retaliatory strikes against crude-producing Gulf nations. West Texas Intermediate, the main US oil benchmark, jumped as much as 30 per cent to hit a high of $118.88 per barrel, while Brent spiked 28 percent to as much as $118.73.

Since the beginning of the war, WTI is up more than 75 per cent and Brent more than 60 per cent.

Attacks on oilfields were reported in southern Iraq and in the northern autonomous Kurdistan region, which forced a US-run oilfield to cease production, while the United Arab Emirates and Kuwait have started reducing output. That came with maritime traffic in the Strait of Hormuz through which a fifth of global crude and gas passes halted since the war began on February 28.

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The prospect of high energy prices for a sustained period has fanned fears of a fresh spike in inflation that could hit the global economy while preventing central banks from cutting interest rates to support growth.

With the prospect of the global economy taking a blow from the crisis, equity markets extended last weeks losses. Seoul, which had been the best performer this year thanks to a tech rally, tumbled more than eight percent at one point, while Tokyo shed seven percent and Taipei fell more than five percent. Hong Kong, Shanghai, Sydney, Singapore, Manila, and Wellington were also sharply lower.

Futures for all three main indexes on Wall Street were down more than two percent, while the dollar jumped against its peers as traders sought out its safe-haven status.

The deeper shock is spreading across the production chain, said SPI Asset Managements Stephen Innes. Gulf producers are scaling back output because storage hubs are filling up and export flows are seizing. Qatar has halted liquefaction at key gas facilities, a move that will take weeks to reverse even if the conflict cools tomorrow. In other words, the market is not dealing with a headline shock. It deals with a physical disruption of oil molecules. Oil above $100 is not just a commodity rally. It becomes a tax on the global economy.

However, Trump sought to offer reassurance that the spike in crude would not last long. Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A. and World, Safety and Peace, he wrote on social media Sunday evening Washington time.

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