Yemenis in Ukraine, election shock in Romania and Lebanon ceasefire rumors

Andrew Sheves Good morning and Happy Monday.

A quick scheduling note for Thanksgiving week. The Thursday and Friday editions of the SITREP will not include the headlines or market data. Country stability ratings and news summaries will be unchanged.

Weekend Stories of Note

President-elect Trump made several additional nominations to cabinet and senior advisor roles over the weekend. Politico has a handy cabinet tracker here to help keep track of nominees and their positions on key issues.

The COP 29 environmental summit ended with a pledge by richer nations to contribute $300bn annually towards climate solutions for poorer countries who bear the brunt of climate change. Although this sum is significantly more than the current amount of climate financing, it was largely condemned as too little, given the scale of the problem. [SOURCE - BBC]

A spate of deaths among tourists in Laos is highlighting the danger of illicit alcohol containing methanol in several Asian nations. [SOURCE - BBC]

The FT is reporting that Yemenis are being recruited for jobs in Russia only to be forcibly recruited into the army to fight in Ukraine. [SOURCE - FT]

Hezbollah launched a significant barrage of rockets and drones into Israel Sunday night (local) in the midst of fierce fighting in Southern Lebanon. [SOURCE - al Jazeerza] This comes as there are rumors of a potential ceasefire between Israel and Hezbollah on many of the credible social media accounts. See Barak Ravid in Axios for more.

Long-shot candidate Calin Georgescu, described as a pro-Russia far-right ultranationalist, handily led the first round of Romania’s Presidential elections. Georgescu is anti-EU and anti-NATO, meaning a victory in the run-off on December 8 would be a significant challenge to Brussels and NATO allies. [SOURCE - BBC]

Commodity and Rate Snapshot

🛢️** Crude Futures (WTI)**

$70.979

🚢 Containers (FBX Index)

$3,590

💵 **USD:EUR **

$1.048 (Price of 1EUR in USD)

₿ Bitcoin

$98,380

As at Nov 25, 06:00ET -Data is illustrative, not for decision-making.

Financial data via Bloomberg, Freightos and AlphaVantage

Sneak Peek

I’m excited about two g

Carpe tomorrow!