President Trump declares 'energy ceasefire' between Russia and Ukraine
- President Trump declared an “energy ceasefire” between Russia and Ukraine.
- Ukrainian President Zelensky said he wasn’t aware of any such deal, but if Russia agreed to it, he would as well.
- Markets for the moment aren’t really reacting.
“Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine,” said President Trump on Truth Social Sunday morning. “Both parties have agreed. Do not break it!”
Reporting for Axios, Barak Ravid said Ukrainian President Zelensky told him, “The ceasefire announcement was news for me. But if Russians agree to an energy ceasefire, Ukraine will agree.”
“If President Trump negotiated it with Putin,” Zelensky continued, “please tell us when the ceasefire begins — we are ready, and we will accept it.”
This is the second time President Trump has made a similar announcement, noted Bloomberg’s Javier Blas.
There was a time when President Trump’s weekend postings could move markets in a big way, but that appears to have passed. Oil prices aren’t moving much on Hyperliquid, while traditional market oil trading doesn’t open for a few hours.
Crypto prices are flat, with bitcoin trading just under $83,000.
The U.S. midterm elections are less than one month away. Per Polymarket, the odds of a Democratic sweep of both the House and Senate have steadily risen for months, now sitting at 62%. Whether this latest news is a real peace deal or an attempt by the president to notch some sort of win before the elections remains to be seen.