Trump expressed anger at Putin over Ukraine, threatening secondary tariffs on Russian oil buyers if Putin refuses a ceasefire. He criticized Putin for questioning Zelenskiy’s legitimacy and hinted at curbing Russian oil exports.
While later softening his tone, Trump’s remarks signal a shift in U.S.-Russia relations as the war continues despite his earlier claims of a quick resolution.Trump clarified he doesn’t want secondary tariffs on Russia but was disappointed by Putin’s remarks on Zelenskiy. His frustration stemmed from Putin’s proposal for a UN-led temporary government in Ukraine.
The Kremlin said Putin remains open to talks with Trump.Peskov said a Trump-Putin call could be arranged quickly but isn’t scheduled yet. He added that Russia continues working with the US on bilateral ties.Trump warned Zelenskiy against backing out of a rare earth deal, saying it would cause “big problems.”As one of the top three oil producers, any sanctions on Russian oil could impact global markets and inflation.Despite tariff threats, oil prices remained stable amid uncertainty over levies on Russian supplies.
India and China, key buyers of Russian crude, could face pressure if sanctions proceed.Trump also warned of “secondary tariffs” on Tehran and threatened bombing if Iran refuses a nuclear deal.Iran rejected talks with Trump but left indirect communication open, President Pezeshkian said.Despite Trump’s threats, oil prices saw little impact, with no real supply disruptions.
Brent dipped toward $72 and WTI neared $69 after Trump softened his stance.If serious, Trump could sanction ships, insurers, and buyers, but Russia’s oil trade is vast, requiring careful consideration, said analyst Gao Jian.The US announced a Black Sea truce between Ukraine and Russia, with Kyiv complying immediately, while Moscow demanded sanctions relief on RSHB and other banks.Trump also introduced a new tactic, threatening secondary tariffs on Venezuela’s oil buyers.
