U.S. Customs and Border Protection announced that it will cease imposing tariffs under the International Emergency Economic Powers Act at 12:01 a.m. Eastern Time on Tuesday, February 24 (1:01 p.m. Beijing Time).

Energy: 1. Slovak Prime Minister Fico stated he will request the National Electricity Transmission System to halt emergency power supply to Ukraine in response to Ukraine's disruption of Russian oil transit. 2. Libya restarts production at the Sinawan oil field after a shutdown of over three years. 3. A senior Iranian official stated that Iran will not transfer control of its oil and mineral resources to the United States. 4. Strong winter storms have led to school closures and transportation disruptions in the northeastern United States. 5. Goldman Sachs raised its Q4 2026 Brent/WTI crude oil price forecast by $6 to $60/$56 due to declining inventories in OECD member countries. Precious Metals and Mining: 1. South Korea and Brazil reach a new agreement covering key minerals and artificial intelligence. 2. According to AFP, Somaliland has granted the United States exclusive access to its mineral resources and may establish a US military base on its territory. 3. Former Ukrainian Prime Minister: Without substantial US investment, Ukrainian mining deals will be unprofitable. Agriculture: 1. Iraqi Ministry of Agriculture: Iraq's wheat reserves have reached 3.7 million tons, enough to meet national needs until the end of 2026. Middle East Situation: 1. Iranian official: The Iran-US negotiations covered nuclear commitments, US commitments to lift sanctions, and economic cooperation. 2. Reports indicate the US may launch a military strike against Iran on February 23 or 24. 3. US media: Trump favors an initial strike against Iran in the coming days, with a larger-scale attack possible in the coming months. Tariffs: 1. White House: New tariffs will take effect on the 24th, exempting certain key minerals and passenger vehicles from tariffs. 2. US Customs has stopped collecting tariffs ruled illegal by the Supreme Court.

Fitch: The implementation of reforms in Bangladesh is key.