The news. The narrative. The timeline.
AAA's national average hit $4.45 over the weekend — a fresh 2026 high — nine days after Energy Secretary Chris Wright told CBS that prices had likely peaked.
Brent closed Friday at $114.66, twelve dollars off the $126 war high, after Iran's fourteen-point counter offered traders a reason to take profit before the Sunday OPEC+ add.
Eurostat's flash put April inflation at 3.0% on energy +10.9%; the ECB held the deposit rate, calling the breach 'temporary' as 'stagflation' enters its lexicon.
The rupee printed a record 95.32 to the dollar Friday with $7.5B of April FII outflows on the tape; the RBI is smoothing the move, not defending a level.
The Fed held at 3.5–3.75% on April 29 with four dissents — the most since October 1992 — in Powell's last meeting as chair before Warsh takes over May 15.
DAWN and Geo confirm Pakistan formally on the IMF Executive Board agenda May 8 — $1B EFF plus $210M climate — resolving the May 5 calendar caveat the paper logged Sunday.
OFAC's GL 134B authorizes orderly offload of Russia-origin oil already on vessels as of April 17 — expires 12:01 a.m. EDT May 16. Watch for GL 134C extension or hard cliff.