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Bessent confirmed on Wednesday the general license will not be renewed — a short-term in-transit waiver is the only bridge between India's 90% March Russian dependence and the G7 cap.
A G20 finance meeting in Washington ended Friday with no joint communique — South Africa absent by U.S. accreditation, Japan's Katayama calling it 'a message to the US side.'
Brent fell 9.07% and WTI settled below $84 on Friday — the single largest one-day drop of the Iran war, as the market read an open strait even as flags stayed blocked.
Gold rose 1.6% to $4,885 Friday while oil fell 10% and equities set records — the haven buyer is still priced for the war the market has decided is over.