US President Donald Trump says Russia and Ukraine have agreed to an “energy ceasefire,” claiming it takes effect immediately. Ukrainian President Volodymyr Zelenskyy says the announcement is new to him and that he is seeking further details, while Moscow has not issued a clear response in most reports. Ukrainian officials also say Russia continues strikes, including attacks on power infrastructure.

The reported ceasefire affects markets, with multiple outlets describing a drop in oil prices and improved sentiment tied to expectations that energy deliveries could be less disrupted. Reports cite declines in Brent crude and WTI as traders price in the possibility of reduced pressure on supply. However, uncertainty remains because Russia and the exact scope of the arrangement are not confirmed.

Several sources also note that oil markets remain sensitive to other regional developments. Background coverage includes renewed security concerns in the Middle East, including attacks and heightened risks around key shipping routes near the Strait of Hormuz, which limit how far prices fall.