SITREP: October 20, 2026
President Trump said, in remarks reported overnight, that it might be time for Ukraine to find someone else to negotiate, and he defended a sanctions waiver that will send more than 300,000 metric tonnes of Russian diesel into world markets. Ukrainian and American officials were due to meet in Oslo the same day. The morning’s crude print is the other half of the story: front-month WTI at $110.00 a barrel, up $6.34, or 6.12 percent, as of 6:47 a.m. ET, on supply risk from the war with Iran rather than from Russia. The ten-year Treasury stood at 5.119 percent, and September’s consumer prices were 0.9 percent higher than July’s. Energy is the hinge on which the rest of the day turns. ...