🛢️ Oil jumps after U.S. sanctions Russia’s top oil firms
After the U.S. sanctioned Rosneft and Lukoil over the war in Ukraine, crude prices leapt about 5% as buyers scrambled to replace Russian barrels. Higher oil can mean pricier gas and shipping, so expect ripple effects for inflation and supply chains if the squeeze lasts.
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🇨🇦 Trump says the U.S. is ending trade talks with Canada
President Donald Trump said he is halting “all trade negotiations” with Canada after seeing TV ads he called misleading, escalating tensions with America’s second‑largest trading partner. The move injects uncertainty for companies on both sides of the border that depend on tariff rules and predictable cross‑border supply chains.
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💱 Trump pardons Binance founder Changpeng Zhao
The White House said Trump pardoned Zhao, who pleaded guilty in 2023 to anti‑money‑laundering failures tied to the crypto exchange. The decision could reshape U.S. crypto enforcement and policy, and markets reacted quickly to the news.
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🇪🇺 EU leaders seek Ukraine funding plan
European Union leaders told the European Commission to present options to cover Ukraine’s military and economic needs for the next two years but stopped short of agreeing to use frozen Russian assets. The outcome matters for Kyiv’s ability to pay bills and buy weapons, and for Europe’s security planning heading into winter.
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🌏 ASEAN to host Trump as U.S. and China aim to cool trade tensions
Southeast Asian bloc ASEAN (Association of Southeast Asian Nations) will host Trump next week, with plans for a Trump‑Xi meeting amid efforts to prevent a deeper trade war. Any thaw could ease pressure on global markets and manufacturers that have been reworking supply chains under rising tariffs.
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👋 Those are today’s News Vitals. This was written by AI with human oversight. We strive for accuracy, but mistakes can happen, so please double-check important info. See you next time.