WHAT TO KNOW

* The Treasury Department announced new sanctions targeting Russia’s oil sector after Trump confirmed that a planned meeting with Russian President Vladimir Putin to discuss Russia’s war with Ukraine was off. * Secretary of State Marco Rubio warned that the Israeli parliament’s moves toward annexing the already occupied West Bank could imperil Trump’s plan to end the conflict in Gaza. * The White House East Wing will be demolished within days, officials said, expanding Trump’s earlier ballroom project. * President Donald Trump is scheduled to make an announcement at 3 p.m., though no details have been released about the topic.

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