Zelensky Rejects Idea of Ceding Donbas Amid Russia-Ukraine Talks in Abu Dhabi

US Gasoline Inventories Plunging On Surging Exports, Resilient Demand Prompt Brent/WTI crude nearby futures increased by 5/7% week-over-week to $105/101 as flows through the Strait of Hormuz remained very low and on limited signs of progress on a US-Iran deal. Meanwhile, as global oil inventories collapse at a record pace yet sliding Chinese demand and strategic releases from Beijing keep crude prices relatively stable, Goldman writes that the US gasoline market has become very tight, with inventories drawing at a rapid average pace of 0.7mb/d since April 1st to 5% below their...

Trump Finally Responds To Iran's Demands, Counters US Is Owed "Compensation," Stops Short Of New Threats Summary Trump demands Iran compensate the US and families of fallen soldiers, but issues no new military threats. US again pivots to economic warfare: Trump says Washington is "low-keying it" and betting Iran's economic weakness will force concessions. Iran digs in on Hormuz: Tehran says the Strait will not return to pre-war conditions without major concessions. Hardliners gain influence: Former IRGC commander Mohsen Rezaei is set to take Iran's top security post. Deal remains elusive: Tehran appears intent on...

"Laboratories Of Democracy": Five State Ballot Measures To Watch Today Authored by Jon Miltimore via The Daily Economy,On Tuesday night, millions of Americans will track election results to see which party controls Congress after the ballots are counted. Far less attention will be paid to state elections, including ballot initiatives that could have far-reaching economic consequences.Here are five outcomes to watch.1. California Proposition 40: The 'One-Time' Billionaire Wealth TaxUnlike other items on this list, most readers have likely already heard about California's proposed tax on billionaires, which would impose a...