Trump: Russia, Ukraine Seek Peace Following Oil Price Drop

Former President Donald Trump stated that both Russia and Ukraine are interested in resolving the ongoing war, attributing Moscow's increased willingness to negotiate to recent declines in oil prices. Trump emphasized that lower oil prices, which impact the Russian economy significantly, have put the U.S. in a stronger position to push for a settlement. He also referenced Russian President Vladimir Putin's recent proposal of a three-day ceasefire as a sign of progress toward peace, although Trump described the conflict as a 'proxy war' and criticized the high casualty toll. The recent drop in oil prices has been linked to OPEC+ accelerating output increases, a move some analysts believe may be influenced by U.S. efforts to economically pressure Russia. While Saudi Arabia attributes its decision to market fundamentals, historical precedent suggests oil production can be leveraged as a geopolitical tool. Trump has repeatedly argued that reducing Russia's oil revenues is key to hastening the end of the Ukraine conflict.