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Trump Declares 'Energy Ceasefire' Between Russia and Ukraine Amid Global Market Strains

Mon, Oct 12, 2026(2h ago)Business

In a sudden announcement posted to his Truth Social account, Donald Trump claimed that Russia and Ukraine had reached an agreement to halt attacks on each other’s energy infrastructure. The statement, which Trump framed as an "energy ceasefire" effective immediately, caught many off guard, including Ukrainian President Volodymyr Zelensky, who explicitly stated that the news came as a surprise to him. Neither Russian officials nor representatives from the Kremlin have issued a formal confirmation of the deal, leaving the status of such an agreement unclear as energy-related hostilities remain a critical component of the ongoing conflict.

The tension surrounding this announcement is further complicated by rising fuel costs in the United States and a growing friction between Trump and the Ukrainian leadership. Trump has publicly criticized Ukraine’s strategy of targeting Russian oil refineries, suggesting that these actions are negatively impacting global diesel prices and even questioning Zelensky’s leadership. However, Zelensky has firmly pushed back against these remarks, asserting that the choice of Ukraine’s president belongs solely to the Ukrainian people. While European allies, including Germany, have reaffirmed their commitment to supporting Kyiv, the brewing diplomatic spat highlights the deepening divide as global concerns over energy security and geopolitical stability intensify.

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