OIL AND GEOPOLITICS IN FOCUS AFTER TURBULENT WEEKEND

What happened: Brent crude opened lower after President Trump waived key Russia-related sanctions and tariffs under the Graham Act, while Ukraine struck Russian energy infrastructure on Sunday and attacks near Hormuz continued. Key numbers: Brent traded around USD 108/bbl, down from around USD 109/bbl on Friday. Rubio said Trump would use up to 60 days to assess the economic impact. Why it matters: The waiver could allow higher Russian fuel exports, but supply risks remained elevated, and Zelenskyy criticised the move as "wrong", saying it would help Moscow and prolong the war.

Oil and geopolitics in focus after turbulent weekend signals potential supply disruption.

Oil and geopolitics in focus after turbulent weekend signals potential supply disruption. — impact context not separately stored; see What changed.