The Bull · Evening Edition

Washington eased its Russian diesel stance today, and Kyiv and Brussels were quick to say it was a mistake.

2Stories

2Min read

No. 1Energy

Trump announces Russian diesel deal; Zelensky calls it a gift to Putin

Trump said Putin will release 300,000 tonnes of diesel immediately, 500,000 in November and a million more after that. A further three million tonnes could follow, depending on the state of Russian refineries. The Treasury is suspending sanctions on Russian diesel exports until 7 April, though frozen assets stay frozen. Zelensky said it funds a war that should be ended, and EU foreign policy chief Kaja Kallas said it gives Moscow more revenue. Quilter Cheviot's Tim Armitage put the first tranche at about 2.25 million barrels, against US demand of roughly 3.8 million a day. US diesel averages $6.28 a gallon, and Brent is above $103. EU foreign ministers are due to approve their largest Russia sanctions package on Monday.

Why it mattersTreat this as a political signal more than a supply fix, and watch for sanctions divergence between Washington and Europe.

Full story at BBC News →

No. 2Equities

Nvidia holds up while Broadcom and Oracle take AI credit hits

Broadcom and Oracle are being hit by an AI-related credit scare. Price-to-earnings ratios have contracted and credit default swap spreads have widened for both, and for Nvidia too. Nvidia's stock, though, appears unscathed. The source gives only that summary, so the reasons for the gap are not covered here. The question now is whether the credit stress reaches Nvidia's shares or stays with its peers.

Why it mattersCheck whether your AI exposure leans on Nvidia's resilience, since credit spreads are widening across all three names.

Full story at MarketWatch.com - Top Stories →

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