Trump Announces Energy Ceasefire Between Russia and Ukraine

In October 2026, US President Donald Trump announced that Russia and Ukraine had agreed to an "energy ceasefire." Ukrainian President Volodymyr Zelenskiy was surprised by the announcement, and officials in Kyiv said attacks were continuing. Moscow did not comment, and strikes were reported after the announcement.

Oil prices fell and stock markets rose after Trump's statement. It was unclear what the ceasefire would cover, with one report saying it might apply only to oil refineries. Allies of Ukraine expressed support, while confusion remained in Kyiv.