Oil prices volatile after Trump claims ‘energy ceasefire’ in Ukraine war
Announcement follows diesel deal with Putin as US president tries to contain impact of higher fuel costs ahead of election
Source: Financial Times
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DW NOTE
Trump is negotiating diesel supplies with Putin while Hormuz has been effectively closed for eight days and Russian missiles hit Ukrainian cities three days ago. The "energy ceasefire" appears to mean: Moscow keeps bombing Ukraine but agrees to sell America cheap fuel before the election. The oil market is pricing this exactly as cynically as it sounds.