
Uruguay's government announced on Friday a 7% fuel price increase effective April 1, as a direct consequence of rising oil prices driven by the U.S.-Israeli war against Iran and the effective closure of the Strait of Hormuz, through which approximately 20% of the world's crude oil supply transits.

Uruguay's government is considering with “interest” a British offer to acquire three Royal Navy offshore patrol vessels (OPVs), according to El Observador, citing sources at the executive offices. The proposal involves first-generation River-class vessels — HMS Tyne, HMS Mersey, and HMS Severn — operational since 2003 and scheduled for decommissioning in 2028 as part of the British fleet renewal under NATO's defense spending commitments.

The Falkland Islands Government (FIG) is pleased to report that last Thursday, 19 March, following a detailed review of current fiscal and economic information, as well as confidential interviews with FIG officers and other stakeholders, S&P Global re-affirmed the long-term sovereign credit rating for the Falkland Islands as ‘A+’, with a stable outlook.