Commodities: Potential Trump-Putin Meeting Weighs On Oil

2025-08-08 00:20:00 ET

By Warren Patterson , Ewa Manthey

Energy - Potential Trump-Putin meeting

ICE Brent settled almost 0.7% lower yesterday with hopes that Presidents Trump and Putin may meet soon, possibly as soon as next week. It’s still unclear if Ukrainian President Volodymyr Zelenskyy will take part. This is important because it could affect the secondary tariffs on India, depending on how discussions go. However, it is important to note that President Trump’s deadline for a Russia-Ukraine peace deal expires today, leaving open the risk that the US will still tighten sanctions against Moscow....

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