At a crucial moment, Trump hit the brakes, directly exempting buyers of Russian oil and gas from tariffs of up to 100%—the axe was set to fall in just a few days. Tough talk aside, votes and oil prices are the real bosses. As the geopolitical premium fades, crude loses steam in the short term and risk assets catch their breath. But don’t rush in—he could change his tune and bring the tariffs back at any moment.

$BTC $ETH #Geopolitics