Falling oil prices make Putin more willing to end Ukraine war, Trump says

Falling oil prices make Putin more willing to end Ukraine war, Trump says
Falling oil prices make Putin more willing to end Ukraine war, Trump says

Hello and welcome to the details of Falling oil prices make Putin more willing to end Ukraine war, says and now with the details

Nevin Al Sukari - Sana'a - Russian President Vladimir Putin attends an educational event “Knowledge. First” in Moscow, Russia, April 30, 2025. — Reuters pic

MOSCOW, May 6 — US President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined towards peace after the recent fall in the price of oil.

“I think Russia with the price of oil right now, oil has gone down, we are in a good position to settle, they want to settle. Ukraine wants to settle,” Trump told reporters in the Oval Office yesterday.

The price of oil — which drives the Russian economy — has fallen around US$15 (RM63.46) a barrel since the start of the year. OPEC+ will accelerate oil output hikes, sources told Reuters.

“We’ve come a long way, and, it could be something will happen, but hopefully it will,” Trump said.

Putin ordered thousands of Russian troops into Ukraine in February 2022, triggering Europe’s biggest ground conflict since World War Two and the largest confrontation between Moscow and the West since the depths of the Cold War.

Hundreds of thousands of soldiers have been killed or injured and Trump has repeatedly said he wants to end the “bloodbath” that his administration casts as a proxy war between the US and Russia.

Trump noted that Putin had proposed a three-day ceasefire to mark the 80th anniversary of the victory of the Soviet Union and its allies over Nazi Germany in World War Two.

“As you know, President Putin just announced a three-day ceasefire — which doesn’t sound like much but it’s a lot if you knew where we started from,” Trump said. “This is a war that should never happened.”

Trump said that the number of those killed in the war was far higher than reported by most media organisations. Neither side in the war publishes up to date casualty figures.

The Kremlin, asked yesterday about a possible meeting between Trump and Putin in Saudi Arabia, said that a meeting was necessary but that Putin had no trips to the Middle East planned for mid-May. Trump has said he plans to visit Saudi Arabia as early as May.

Trump was asked by a reporter about whether or not he would order an investigation into the attack on the Nord Stream gas pipelines in 2022.

A sharp pressure drop on the pipelines under the Baltic Sea was registered on September 26, 2022, and seismologists detected explosions, triggering a wave of speculation about who sabotaged the multibillion-dollar project that carried Russian gas to Germany.

“They said Russia blew it up — yeah,” Trump said in comments which indicated he doubted that Moscow was behind the attack. “I think a lot of people know who blew it up.”

The New York Times, The Washington Post and The Wall Street Journal have reported that Ukraine — which has repeatedly denied involvement — was behind the attack. Ukraine has repeatedly denied involvement.

Russia has accused Western powers including the US and Britain of being involved in the attack, but has published no evidence to support its theory. — Reuters

These were the details of the news Falling oil prices make Putin more willing to end Ukraine war, Trump says for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Israel vows to escalate war with new plan to ‘conquer’ Gaza
NEXT US, Ukraine ink minerals deal after delay, with Trump tying aid to access

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]