Trump’s ‘energy ceasefire’ collides with real-world problems of dwindling fuel supplies
AI Summary
Oil markets are assessing whether President Donald Trump’s announced “energy ceasefire” between Russia and Ukraine could ease a worsening global fuel crisis. The outlook is complicated by dwindling supplies and the continuing conflict in the Middle East.
Oil markets were struggling on Monday to gauge how President Donald Trump’s new declaration of an “energy ceasefire” between Russia and Ukraine might help mitigate a deepening global oil crisis as the Middle East conflict drags on.