Oil prices tumble after Trump announces Russia‑Ukraine energy cease‑fire
Reports from the Times of India and France 24 note that Brent crude fell sharply following President Donald Trump's unilateral declaration of an "energy cease‑fire" between Russia and Ukraine, prompting gains in several stock markets.
First reported 4 hours ago · latest update 3 hours ago
Most stock markets rose Monday as oil prices tumbled after US President Donald Trump announced an "energy ceasefire" between Russia and Ukraine.
Both main crude contracts sank more than one percent following Trump's declaration, even as it sparked astonishment in Kyiv, which also said Moscow had struck multiple power plants in the country.
Ukrainian President Volodymyr Zelensky said he was seeking further details of the announcement, but added that "Ukraine supports the ceasefire, and it is important that Russia support it as well".
Russia has yet to confirm its agreement.
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Live: Oil prices fall after Trump unilaterally announces Russia-Ukraine 'energy ceasefire'
Most stock markets rose Monday as oil prices tumbled after US President Donald Trump announced an alleged "energy ceasefire" between Russia and Ukraine, sparking astonishment from Kyiv and silence from Moscow. Trump's Ukrainian counterpart President Volodymyr Zelensky said he was seeking further details of the announcement. Follow our liveblog for all the latest developments.
3 hours ago · FRANCE 24