According to The Kobeissi Letter, the US is preparing a plan to offer potential sanctions relief for Russia with the aim of restoring diplomatic ties, as reported by Reuters. This development could influence global markets, particularly the energy sector, as it may lead to increased Russian oil and gas exports. Traders should monitor the situation closely for any changes that could affect commodity prices.

According to The Kobeissi Letter, energy prices are directly tied to CPI inflation, and a Federal Reserve study indicates that a $10 drop in oil prices can reduce inflation by 20 basis points. With oil prices currently down by $10.20 from their peak, this significant decline over three weeks is expected to impact inflation rates.