1️⃣ The US is nearing a deal for majority control of over 65 billion barrels of Venezuela's crude reserves, which has drawn criticism and echoes of neocolonialism; Venezuela is projected to earn $19 profit per barrel produced
2️⃣ Donald Trump stated that the crude oil from Venezuela would assist in replenishing the US's depleted emergency stockpiles
3️⃣ The US military conducted a strike on Iranian rocket launchers, marking its first attack in weeks, following Iran's president's indication of a willingness to compromise to end hostilities
4️⃣ Iran's president expressed that a flexible approach is necessary for resolving the conflict with the US, while countries aligned with Tehran have dismissed the sanctions threats from Scott Bessent ahead of the G20 meeting
5️⃣ Glencore announced a provision of approximately $480 million, which addresses its full outstanding net exposure to Radiant World amid concerns over the validity of documents it provided to banks
Key Levels:
• SPX ↓0.25% 7711.47
• NDQ ↓0.52% 26402.42
• 10Y ↑0.92% 4.72
• OIL ↓0.11% 83.44
• GLD ↓3.18% 4454.08—
✨ Share this link to invite friends: on.skr.ma/jointldr
👉🏻 Insights about to go viral: on.skr.ma/viral
