Trump would back Russia sanctions bill if he retains final authority, White House official says

Crown Prince Mohammed bin Salman of Saudi Arabia is currently overseeing a restructuring of the kingdom's wealth fund after nearly a decade of costly investments that have yielded mixed results. This comes as President Trump welcomed him to the White House, highlighting the ongoing partnership between the two leaders.

Donald Trump is reportedly considering an executive order aimed at preempting state-level laws regarding artificial intelligence (AI). This move comes in response to concerns that state regulations could hinder the growth and development of AI technologies. Trump's administration is looking to establish a more uniform federal framework for AI regulation.

TotalEnergies CEO Patrick Pouyanne cautioned European nations against becoming overly dependent on US liquefied natural gas (LNG) as they seek to reduce reliance on Russian supplies. He emphasized the need for Europe to diversify its energy sources to ensure stability and security in the face of ongoing geopolitical tensions.

Oil prices have settled down as renewed efforts to end the Russia-Ukraine war have emerged. The market is responding to geopolitical developments, with traders weighing the implications of potential peace talks on oil supply and pricing. The ongoing conflict continues to influence market dynamics significantly.

The Senate is questioning Donald Trump's nominee for the head of the Commodity Futures Trading Commission (CFTC) regarding cryptocurrency regulation. This scrutiny comes as the regulatory landscape for digital currencies continues to evolve, with lawmakers seeking clarity on how to manage this rapidly growing market.

Donald Trump has called for federal regulation of artificial intelligence (AI) to counteract what he describes as 'woke' state laws. This statement follows his warning that overregulation at the state level poses a threat to the growth of AI technologies.

The sale of F-35 fighter jets to Saudi Arabia marks a significant achievement for the kingdom, which aims to enhance its global influence and military capabilities. This deal, approved by former President Donald Trump, aligns with Saudi Arabia's strategic interests in bolstering its defense capabilities amid regional tensions.

Oil futures settled lower as U.S. efforts to restart peace talks between Russia and Ukraine were seen taking some risk premium out of the market. However, losses were limited by the EIA’s report of an unexpected U.S. crude stock draw.