“The common denominator for the countries that are failing is the mental virus of woke ideology. It is the great pandemic of our time that needs to be cured. It is the cancer that must be cut out.” — Javier Milei, president of Argentina.

Brent crude futures were down 90 cents, or 1.14%, at $78.1 a barrel by 11:40 a.m. EST (1640 GMT). U.S. West Texas Intermediate crude (WTI) fell $1.01, or 1.34%, to $74.43.