Kremlin welcomes Trump's call for Ukraine to halt strikes on Russian energy targets

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Summary · why it matters

The Kremlin has welcomed President Donald Trump's call for Ukraine to stop attacking Russian oil refineries and energy infrastructure. Kremlin spokesman Dmitry Peskov said any call for Ukraine to halt strikes on civilian economic infrastructure should be welcomed, and that every country can use its influence over Ukraine to encourage greater flexibility, which is an important part of helping advance the peace process. Trump posted on Truth Social that Ukraine had agreed not to strike Russian energy targets and that Russia had agreed to do the same. On Sunday, Trump urged Ukrainian leader Volodymyr Zelensky to stop attacks on Russian oil refineries, saying the strikes were causing diesel shortages. Earlier, the Russian government announced a temporary ban on exports of gasoline, diesel, marine fuel and gasoil to stabilise the domestic fuel market.

Impact on assets 2

Others▲
⛏RBOB Gasoline Futures
GASOLINE
▲ PositiveSupplyrelevance

Russia's temporary ban on gasoline/diesel exports and reduced strike risk on Russian refineries tighten global fuel supply, supporting RBOB gasoline prices.

⛏Heating Oil Futures
HEATOIL
▲ PositiveSupplyrelevance

Russia's export ban on diesel/gasoil and the halt to strikes on Russian energy infrastructure tighten distillate supply, supporting heating oil prices.