Geopolitical events
On August 29, 2026, a major political scandal emerged in Brazil as the "Petrobras--Hydrogen Leak" investigation revealed the misappropriation of $2 billion in public investments intended for green hydrogen infrastructure. Leaked communications suggest that funds were diverted to offshore accounts linked to senior members of the ruling coalition. The revelation has triggered widespread civil unrest in Brasília and led to the immediate resignation of the Minister of Mines and Energy. This political instability has caused the Brazilian Real to depreciate by 4% against the US Dollar, complicating the government's macroeconomic stabilization efforts amidst the global energy crisis.