19 August 2025: 09:30 BST
So, Mr Donald has committed to ‘coordinate’ with Europe some security guarantees to Ukraine. I guess that’s the best the line-up of European supplicants for out of the Deal Man. Ukraine judiciously committed to buying $100 billion worth of American weapons with money they don’t have. Theatre of the absurd on both sides. I guess when you have had too much war, your brain goes loopy. It reminds us of the Dadaist movement post the horrors of WW2. That movement embraced chance, spontaneity, and irrationality. The thorny territory issue remains but hey, the West tried to bomb the other guy out of his new dominion, and the more they try, the more he grabs. Maybe Trump’s right, calling it a day where the current fighting lines are is not a bad idea. Brent is being stubborn too, hovering in the mid-60s and reaching today’s Asian close at $65.96/bbl. But we’re detecting some interest in China to load more from October onwards as flat price is low.
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