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Euronews
Euronews
Angela Barnes

Oil prices tumble as stocks rise after Trump touts 'energy ceasefire'

Donald Trump Oil Ceasefire Stock Market Ukraine Volodymyr Zelenksyy Russia Saudi Arabia United States

Both main crude contracts sank more than 1% following the US president's declaration, even as it sparked astonishment in Kyiv, which also said Moscow had struck multiple power plants in the country.

"Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine," Trump said early Sunday on Truth Social. "Both parties have agreed. Do not break it!"

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