Bloomberg L.P.

German Chancellor Scholz will visit Washington in early February to meet with President Biden and discuss additional assistance to Ukraine. The U.S. has exhausted existing congressional authorizations for Ukraine aid and is seeking to join forces with Germany, Kyiv's main arms and aid supplier, to increase support.

A Houthi missile hit the Trafigura tanker carrying Russian fuel in the Red Sea, causing a fire on board. Warships were sent to help the vessel.