Trump Delays Russia Sanctions Two Days Before Deadline
President Donald Trump signed an order Friday delaying a sweeping sanctions package he had signed into law last month, two days before it was due to take effect. The measure targeted Russian banks, officials, tanker fleets and major buyers of Russian energy.
The closest market reads on Washington’s appetite for pressure abroad are on Iran, not Russia: no Hormuz agreement before the midterms is priced at 91.3%, and the US-Iran ceasefire holding through October 31 sits at 78%. Our read: those prices say the truce is expected to hold, and nothing in them speaks to Moscow.