epa12815420 Brazilian President Luiz Inacio Lula da Silva reacts during an event at the Planalto Palace in Brasilia, Brazil, 12 March 2026. The Brazilian government announced a series of fiscal measures to mitigate the domestic impact on consumers of the rise in international oil prices caused by the war in the Middle East. EPA/Andre Borges

epa12815419 Brazilian President Luiz Inacio Lula da Silva reacts during an event at the Planalto Palace in Brasilia, Brazil, 12 March 2026. The Brazilian government announced a series of fiscal measures to mitigate the domestic impact on consumers of the rise in international oil prices caused by the war in the Middle East. EPA/Andre Borges

epa12815418 Brazilian President Luiz Inacio Lula da Silva reacts during an event at the Planalto Palace in Brasilia, Brazil, 12 March 2026. The Brazilian government announced a series of fiscal measures to mitigate the domestic impact on consumers of the rise in international oil prices caused by the war in the Middle East. EPA/Andre Borges

epa12815417 Brazilian President Luiz Inacio Lula da Silva reacts during an event at the Planalto Palace in Brasilia, Brazil, 12 March 2026. The Brazilian government announced a series of fiscal measures to mitigate the domestic impact on consumers of the rise in international oil prices caused by the war in the Middle East. EPA/Andre Borges

epaselect epa12815008 A display shows fuel prices at a petrol station in Prague, Czech Republic, 12 March 2026. Fuel prices have risen since the start of US and Israeli military strikes on Iran and retaliatory attacks by Iran. EPA/MARTIN DIVISEK

epa12815008 A display shows fuel prices at a petrol station in Prague, Czech Republic, 12 March 2026. Fuel prices have risen since the start of US and Israeli military strikes on Iran and retaliatory attacks by Iran. EPA/MARTIN DIVISEK

epa12815002 A display shows fuel prices at a petrol station in Prague, Czech Republic, 12 March 2026. Fuel prices have risen since the start of US and Israeli military strikes on Iran and retaliatory attacks by Iran. EPA/MARTIN DIVISEK

epa12815001 A display shows fuel prices at a petrol station in Prague, Czech Republic, 12 March 2026. Fuel prices have risen since the start of US and Israeli military strikes on Iran and retaliatory attacks by Iran. EPA/MARTIN DIVISEK