Limited Waiver Advances

The Trump administration moves ahead with a narrow sanctions carve-out tied to an energy truce, arguing that limited diesel or refinery-related relief is needed to test Moscow's willingness to halt attacks on Ukrainian energy infrastructure. The most likely form is temporary licensing rather than broad sanctions rollback, because Kyiv, Congress and European governments remain deeply skeptical after the Kyiv strikes.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.