Welcome back to discuss a very busy day of news. I'm joined now by Nebraska Republican Congressman Don Bacon. Congressman Bacon, thanks so much for being here.Really appreciate it. >> Thanks for having me back. >> Well, it's always great to talk to you, Congressman.Let's talk about yet another historic meeting at the White House between President Trump and President Zalinski. President Silinski saying that he was there to push President Trump to give Ukraine those long range tomahawk missiles. President Tru ...

Supply and Demand Dynamics - Europe aims to reduce reliance on Russian gas, potentially through increased US LNG imports [2] - Secondary sanctions on Russian energy companies could further curb Russian oil and gas imports, but haven't been implemented [3] - The EU's decision to ban Russian seaborn oil imports was significant, as oil exports are a major source of revenue for Russia [4] Sanctions and Enforcement - Price caps on Russian oil, intended to allow continued flow to countries like India, may have prioritized inflation reduction over reducing Russian revenue [4][9] - Increased sanctions enforcement on Iranian oil, including secondary sanctions on countries like India and China, is possible [5][6][7] - India significantly reduced Iranian oil purchases when secondary sanctions were applied [6] - Some Iranian oil is disguised as oil from other countries, such as Malaysia [6] Policy and Geopolitics - The US was initially concerned about a 3 million barrel a day supply disruption when Europe moved to ban Russian seaborn oil imports [9] - The effectiveness of sanctions depends on consistent enforcement [7][8]

Let's talk about the assessment from the German chancellor. Pretty negative. Yes, it is pretty negative, but also potentially clear eyed.We've seen successive rounds of negotiations between the two sides and they've largely just produced prisoner swaps. Putin has stuck to maximalist demands and hasn't backed down. And the Kremlin really hasn't shown any indication that they want this conflict to end or that they're even willing to do a cease fire.Meanwhile, Ukraine, they see this as an existential fight, so ...