IEA: Oil market tighter than it seems despite forecast surplus
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising ref...
Nobel Prize-winning author Mario Vargas Llosa, a central figure in Latin America's literary boom and a prominent voice in political and cultural discourse, died on Sunday at the age of 89 in Lima, surrounded by family.
Peruvian novelist and Nobel laureate Mario Vargas Llosa, renowned for his literary brilliance and political engagement, passed away on Sunday at the age of 89 in Lima, surrounded by his family, his son Álvaro Vargas Llosa confirmed on social media.
A towering figure in Latin American literature, Vargas Llosa was awarded the Nobel Prize in Literature in 2010 for a prolific body of work that includes acclaimed novels such as Aunt Julia and the Scriptwriter, The War of the End of the World, and Death in the Andes. Known for his narrative experimentation and intellectual depth, he helped lead the Latin American literary boom of the 20th century.
Vargas Llosa’s career was also marked by political controversy. Once aligned with leftist ideologies, he later embraced liberal conservatism, a shift that distanced him from many of his literary peers. In 1990, he ran for president of Peru during a time of economic turmoil and insurgency but lost in the runoff to Alberto Fujimori. Disappointed by the loss, he relocated to Spain, where he remained a prominent commentator on Latin American politics, often criticizing leftist governments such as that of Hugo Chávez in Venezuela.
His novels frequently tackled the complex dynamics between power and society. The Feast of the Goat explored the dictatorship of Rafael Trujillo in the Dominican Republic, while The War of the End of the World depicted a violent rebellion in 19th-century Brazil. Drawing heavily from personal experiences, his debut novel The Time of the Hero was inspired by his time in a military academy, and his memoir A Fish in the Water recounted both his literary and political journeys.
Vargas Llosa was also known for his dramatic personal life, including a high-profile split from his second wife, Patricia, after five decades of marriage. He later had a widely publicized relationship with Isabel Preysler, which ended in 2022.
Peru’s President Dina Boluarte paid tribute to him, calling him “the most illustrious Peruvian of all time” and praised his enduring contribution to global literature.
Throughout his life, Vargas Llosa maintained that literature was his true calling: “I took part in politics under very special circumstances,” he once said. “But I always said that whether I won or lost, I would return to my literary and intellectual work.”
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The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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