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Bureau: London
The Bureau of Reclamation has committed to a 6.0 million acre-feet Lake Powell release floor and a 660K-1M AF Flaming Gorge drawdown against Upper Basin inflow at 22 percent of average.
Brent jumped 5.6 percent Monday then lost 0.68 percent in Asia while Citi warned of $110 in Q2 and Rystad said sustained $100 unlocks Latin American barrels.
RTX, GE Aerospace, Halliburton, and 3M all print before the bell Tuesday into a Brent-above-$100 tape that doubles as the quarter's defense-cost-input cluster test.
Sixty percent of the Lower 48 sits in drought with 68% of winter-wheat acreage inside that band, after the driest Q1 on CONUS record.
The 2026 theme was announced January 14 as an explicit frame against the administration's 400-plus environmental actions — Tuesday is Day 3 before Wednesday's holiday.
Walker Fire ignited March 27 on federal land and Quartz Fire on April 4 on private land, both now burning without any posted containment numbers.
Formula 1 lost its Saudi race weekend Apr 17-19 and Bahrain Apr 10-12 to the Iran war, creating the first April-free calendar since 2020.