The U.S. hit Rosneft and Lukoil with fresh sanctions, jolting oil prices and rattling India’s energy bets. Washington also floated new export bans on AI software to China, tightening the digital choke just as Beijing signaled another round of tariff brinkmanship. The Nikkei cooled after yesterday’s euphoria, crypto surged past $110 k, and the IMF whispered about “manageable turbulence.” Off the coast of Latin America, U.S. forces sank two suspected smuggling boats. The world keeps pretending it’s not at war while trading like it already lost.

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