UK Vows Tougher Russia Sanctions, Calls for Energy Ceasefire in Ukraine
Trump announced Russia will supply over 300,000 metric tons of diesel immediately, with additional shipments planned, as markets responded to eased supply concerns.
- On Friday, President Donald Trump announced a deal to lift sanctions on Moscow, allowing Russia to supply more than 300,000 metric tons of diesel to global markets. ICE gasoil futures fell 3% to $1,436 per barrel following the announcement.
- President Zelensky condemned the deal as "absolutely terrible," while Trump unexpectedly announced on Sunday that Ukraine and Russia had agreed to an energy ceasefire, though Kyiv officials await further details.
- Wes Streeting, Britain's defence secretary, told Sky News that Britain is attempting to bridge tensions between the United States and Ukraine, noting it is "not the first time we" have seen such friction between Kyiv and Washington.
- The Middle East conflict continues to support Brent crude above $100 a barrel, while the Houthis claimed responsibility for a Saturday strike on Riyadh's international airport that killed 13 people and wounded more than 300.
- Goldman Sachs raised its Brent crude price forecast for December to $90 a barrel, up from $85, with analysts estimating a risk premium of just over $20 a barrel amid potential Mideast escalation.
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Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies - Regional Media News
By Florence Tan SINGAPORE, Oct 12 (Reuters) - Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a US diesel-supply deal with Moscow. [...]
British Prime Minister Andy Burnham on Sunday expressed support for US President Donald Trump's call for a ceasefire in the Ukrainian and Russian energy sectors.
British Prime Minister Andy Burnham announced that his country strongly supports Donald Trump's "call" for a "sustainable energy ceasefire without delay" between Russia and Ukraine. "Russia escalated its attacks on Ukrainian energy infrastructure over the weekend (...) The United Kingdom strongly supports President Trump's call today for a sustainable energy ceasefire without delay," the British Prime Minister said via X, adding that it is "the …
Britain and Canada have backed US President Donald Trump's call for an energy truce between Russia and Ukraine, but Kiev said it was still waiting for details of the deal. Trump said the cessation of attacks on energy infrastructure would take effect immediately. British Prime Minister Andy Burnham said London "strongly supports" calls for a lasting energy truce. He said Ukraine was ready to accept such an agreement if Russia stopped its attacks…
Andy Burnham offers 'complete solidarity' with Ukraine as he backs Donald Trump's energy ceasefire
Andy Burnham has offered "complete solidarity" with Ukraine as he backed Donald Trump's claims of an energy ceasefire.The President on Sunday claimed to have negotiated an immediate energy ceasefire between Ukraine and RussiaUkrainian President Volodymyr Zelensky welcomed the announcement as "good news" but said he was unaware of the details.Moscow did not publicly comment on the development but projectiles rained down on a power plant in Kyiv a…
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