WTI $64 · DXY 97 · VIX 18 · GPR 164↑
Russia’s oil tax revenues collapsed 65% year-over-year as US sanctions enforcement goes global with an Indian Ocean tanker seizure, while India trades Russian crude access for American tariff relief and Armenia signs a nuclear deal that formalizes its break from Moscow.
1 Beijing’s Expensive Signal
China/FX
Beijing is ch…