Trump announced an "energy ceasefire" between Russia and Ukraine, following the easing of sanctions on Russia in response to soaring oil prices.
U.S. President Donald Trump announced on Sunday that Russia and Ukraine have reached an "energy ceasefire" agreement, requiring both sides to immediately cease attacks on each other's energy infrastructure. This follows the Trump administration's relaxation of sanctions on Russian fuel in response to surging domestic and global fuel prices. The move comes amidst disruptions to global oil supplies and rising fuel prices caused by the U.S. war with Iran and recent Ukrainian attacks on Russian energy facilities. Following this news, Brent crude prices fell to approximately $103.04/barrel on Monday, and U.S. WTI crude dropped to around $90.96/barrel. However, Ukrainian President Zelenskyy stated he was unaware of the agreement and claimed Russian drones continued to attack Ukrainian energy facilities after Trump's announcement.
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