1. Russia-Ukraine war update: Kyiv TV hit, killing five, Moscow threatens ‘high-precision’ strikes
A TV tower situated near a memorial site dedicated to the victims of Babyn Yar, one of the largest massacres of the Jewish population during the Nazi Holocaust was blown up overnight, with two explosions killing five people and wounding a further five. Other key events occurring overnight saw Missile strikes on Ukraine’s second-largest city, Kharkiv, kill at least 18 civilians and wounded dozens more when they struck the regional government headquarters and a residential block. More than 70 Ukrainian soldiers have been killed after Russian artillery hit a military base in Okhtyrka, a city between Kharkiv and Kyiv, the head of the region wrote on Telegram.

2. Emergency oil reserves to be deployed by IEA
The International Energy Agency, a peak body that represents industrialised consumers, will deploy 60 million barrels of oil from stockpiles held around the world, as the knock-on effect of Russia’s invasion in Ukraine has hoisted crude above $100 a barrel. This marks the second release from American crude reserves within a matter of months. “The situation in energy markets is very serious and demands our full attention,” IEA Executive Director Fatih Birol said in a statement on the agency’s website. “Global energy security is under threat, putting the world economy at risk during a fragile stage of the recovery.”

3. Six of Donald Trump’s lawyers subpoenaed by Capitol Hill attack panel
Tasked with investigating the infamous Capitol Hill attack of January 6 2021, the House select committee also has its eye on the alleged election sabotage by Donald Trump during the 2020 campaign where he is suspected of attempting to stop the certification of Joe Biden’s election victory. “The select committee is seeking information about attempts to disrupt or delay the certification of electoral votes and any efforts to corruptly change the outcome of the 2020 election,” said Bennie Thompson, the chairman of the panel. “The six individuals we’ve subpoenaed today all have knowledge related to those matters and will help the select committee better understand all the various strategies employed to potentially affect the outcome of the election,” Thompson said.

4. Scott Morrison tests positive to Covid
Prime Minister Scott Morrison announced last night he tested positive to Covid-19. “I am experiencing flu-like symptoms and will be recovering over the next week,” he said in a statement announcing that he had tested positive on Tuesday night. Morrison said he was isolating at home in Sydney and “continuing to follow health guidelines”.

“While in isolation I will continue to discharge all my responsibilities as prime minister ... focusing on our emergency response to the devastating floods in Queensland and New South Wales, and ensuring we stand with each and every one of the affected communities both now and as the waters eventually recede,” he said.

5. ASX to fall this morning
ASX futures down 52 points or 0.7% to 6994 near 7.05am AEDT, with the AUD -0.1% to 72.55 US cents. On Wall St: Dow -1.6% S&P 500 -1.3% Nasdaq -1.1%. 2-year yield: US -0.11% (1.31%) Australia -- 1.08%. 10-year yield: US -0.11% (1.72%) Australia +0.05% (2.18%).